The Stockholder-Manager Conflict in a Large Publicly Held Firm Is

The stockholder-manager conflict in a large publicly held firm is manifested in all of the following ways except

A) the managers implement very low-risk strategies that have very low returns.
B) the managers implement strategies that maximize the value of the firm.
C) managers pursue strategies that maximize firm size rather than the value of the firm.
D) the managers attempt to maximize their salaries.

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