What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter21: Risk Management
Section: Chapter Questions
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What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"?

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

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