Although corporate managers have a responsibility to act in the shareholders' best interest, management frequently opposes acquisitions due to personal motives.

Question

Quizplus · Accepted Answer

It is possible for corporate managers to prioritize their personal motives over the shareholders' best interest when making decisions about acquisitions. However, this does not mean that all managers always do so or that they are justified in doing so.

Although Corporate Managers Have a Responsibility to Act in the Shareholders