T F TF T F T F 1. The trend towards a greater percentage of institutional owners makes it harder to control errant managers. 2. Because many companies are investing in professional managers, there is less conflict of interest between owners and managers. 3. Professional managers prefer a large, highly-diversified portfolio because it can reduce the top executive's employment risk and increase their salary potential. 4. Increased regulation, such as Sarbanes-Oxley, and governance mechanisms may lead managers to make less risky decisions leading to decreased shareholder wealth