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You are the manager of an oil company, and safety/environmental issues are an important part of the business. While it is clearly important to comply
You are the manager of an oil company, and safety/environmental issues are an important part of the business. While it is clearly important to comply with existing safety and environmental regulations, is legal compliance sufficient for maximizing shareholder value? If compliance is not sufficient, how much more should the firm spend on safety and environmental concerns?
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