In the aftermath of the U.S. Subprime Crisis, there have been many challenges to the theory of stockholder's wealth maximization, arguing an expansion of the fiduciary duty of directors to manage in the interests of a broad range of stakeholders, who benefit from the long-run success of the corporation (e.g., stockholders, employees, creditors, managers, local governments, that contribute to a firm's ability to succeed). Explain the pros and cons of this view provided by Chandler (2015), Samuelson and Padro (2015), and others.

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The Answer of In the aftermath of the U.S. Subprime Crisis, there have been many challenges to the theory of stockholder's wealth maximization, arguing an expansion of the fiduciary duty of directors to manage in the interests of a broad range of stakeholders, who benefit from the long-run success of the corporation (e.g., stockholders, employees, creditors, managers, local governments, that contribute to a firm's ability to succeed). Explain the pros and cons of this view provided by Chandler (2015), Samuelson and Padro (2015), and others.

In the Aftermath of the U