Intermediate Financial Management
Intermediate Financial Management
14th Edition
ISBN: 9780357516782
Author: Brigham, Eugene F., Daves, Phillip R.
Publisher: Cengage Learning
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Chapter 10, Problem 4Q
Summary Introduction

To discuss: Some actions taken by an entrenched management might harm the shareholders.

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What are the conflicts between shareholders and managers?
Why might one expect managers to act in shareholders' interests? Give some reasons.
What conflicts of interest can arise between managers and stockholders?
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