1. In the wake of corporate scandals such as those Enron, WorldCom, Lehman Brothers, and the Bernie Madoff scandal, many argue that decision makers making decisions without risking their own fortunes, such as managers of large, publicly traded firms, or stock traders, make those decision to maximize their own welfare, rather than the company's or the shareholders. Does such behavior create problems in using strictly profit as a basis for examining the value of a company in decision making?