According to William Baumol, many corporate managers engage in empire-building.

Name: According to William Baumol, many corporate managers engage in empire-building.
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William Baumol suggested that managers, rather than strictly following the goal of profit maximization, might pursue their own objectives, such as the expansion of the firm beyond what might be considered optimal from an owner's perspective, a behavior often referred to as "empire-building."

According to William Baumol, Many Corporate Managers Engage in Empire-Building