Why has this skepticism remained so strong

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The advent of professional managers was accompanied by skepticism regarding their trustworthiness and ethics in controlling large corporate assets on behalf of the shareholders. Today, this skepticism remains and has changed little since the founding of the managerial class a century ago, and new laws concerning appropriate governance, such as Sarbanes-Oxley, continue to be introduced. Why has this skepticism remained so strong?

Reference no: EM131184949

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