We have learnt that the financial manager's or the firm's goal
should be to maximize shareholders' wealth by maximizing the value
of the stock. However, does this goal conflict with other goals,
such as avoiding unethical or illegal behavior? In particular, do
you think subjects such as customer and employee safety, the
environment, and the general good of society fit in this framework,
or are they essentially ignored?
For example, think about the environmental regulation violations
by Volkswagen, and more...