I have 2 questions that need answering. 2 complete paragraphs each with no copy and paste.

1. Generally, in Corporate Finance, a firm's goal is to maximize the value of the firm for its owners. (For a corporation this would be maximizing the value of the firm's stock.) Could this goal lead to unethical or illegal behavior, especially in areas like customer and employee safety, the environment, taxes, etc.? Try to give specific examples. 2. If managers and investors find cash flow more important than accounting profit, why do we still require firms to report accounting profit