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It is not the case that The consequentialist argument for shareholder primacy is flawed because it does not allow sufficient scope for personal choice.
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1.
The consequentialist argument requires all firms to aim at maximizing shareholder value.
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2.
Most people should be able to pursue economic projects that matter to them, even if those projects do not maximize shareholder value.
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3.
A theory that mandates a single objective for all firms fails to respect this personal latitude.
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