Managers always attempt to maximize the long-run value of their firms' stocks,or the stocks' intrinsic values.This is exactly what stockholders desire.Thus,conflicts between stockholders and managers are not possible.

Question

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Although both stockholders and managers may desire to maximize the long-run value of the firm's stocks, there can still be conflicts between them. For example, managers may prioritize their own interests or perks over those of the stockholders, or they may adopt strategies that increase their own job security at the expense of the company's long-term growth. These conflicts can create agency problems, which may need to be addressed through mechanisms such as performance-based compensation, board oversight, or shareholder activism.

Managers Always Attempt to Maximize the Long-Run Value of Their