1. What do we mean when we say, "the objective is to maximize shareholder value"? 2. How has the orientation of management changed in the last fifty

1. What do we mean when we say, "the objective is to maximize shareholder value"?2. How has the orientation of management changed in the last fifty years? (hint: profit satisficing versus profit maximization)3. Explain the transformation (the steps) from Rockefeller capitalism to institutional capitalism.