What does it mean to say that managers should maximize, Financial Management

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What does it mean to say that managers should maximize

Question

What does it mean to say that managers should maximize shareholders' wealth "subject to ethical constraints"?

What ethical considerations might enter into decisions that result in cash flow and stock price effects that are valued lower than they might otherwise have been?

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Financial Management: What does it mean to say that managers should maximize

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Financial Management: What does it mean to say that managers should maximize

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