Why is maximizing shareholder wealth a better goal than maximizing profits?

Why is maximizing shareholder wealth a better goal than maximizing profits?
a. Maximizing shareholder wealth places greater emphasis on the short term.
b. Maximizing profits ignores the uncertainty that is related to expected profits.
c. Maximizing shareholder wealth gives superior consideration to the entire portfolio of shareholder investments.
d. Maximizing profits gives too much weight to the tax position of shareholders.

Solution