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Why do we not assume that managers not act to maximize the total value of all stakeholders claims? At times, the US government has taken
- Why do we not assume that managers not act to maximize the total value of all stakeholders claims? At times, the US government has taken large equity interests in private companies. Does this change how we view this wealth maximization problem? If so, how? What other stakeholders are there in a large publicly traded firm and how are their interests protected?
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