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Let's discuss about the goal of corporation. In our textbook on Chapter 1, we learn about the goal of financial manager that maximizing the shareholder

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Let's discuss about the goal of corporation. In our textbook on Chapter 1, we learn about the goal of financial manager that maximizing the shareholder wealth or maximizing the stock price in a long run. Why do we focus on maximize the shareholder wealth rather than short- term profit maximization? What is the difference between maximize the EPS (earnings per share) and maximize stock price? Also we can discuss about the agency conflict between manager and shareholder and how to reduce this agency conflict

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