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Thus, managers are hurt by the failure more than shareholders. The manager, however, can balance a project failure only against the other activities of the division or the company. Alfred rappaport 7 value drivers. It is reasonable to expect that many corporate executives have a lower tolerance for risk. If the company invests in a risky project, stockholders can always balance this risk against other risks in their presumably diversified portfolios. The second factor likely to influence management to adopt a shareholder orientation is compensation tied to shareholder return performance.

The statecontrolled media needs to stop fomenting animosity against pro-democracy protesters. The bureaucracy needs to stop fighting to keep the old system alive. Search the history of over 349 billion web pages on the Internet.