What is Goodpaster's objection to the shareholder primacy theory?

Group of answer choices

It ignores the distinctive fiduciary relationship between management and shareholders by supposing that management bears a fiduciary duty to all stakeholders

In those cases in which a corporation can treat stakeholders unethically without any danger of negative legal or economic impact on the corporation, shareholder primacy theory says that doing so is morally permissible.

It's based on a false claim that shareholders are owners and that managers owe fiduciary duties to shareholders.

There is one and only one significant moral responsibility that business managers have: to maximize shareholder value.