EFTA Document EFTA01378446

Page 24 21 Health Matrix 189, * diversified shareholders would prefer their firms to be more risk-preferring. Older, infirm, or impatient shareholders want short-term profits, while younger, healthier or more patient shareholders want to wait on steady growth. Preferred stockholders prefer certain-short term gains but common stockholders prefer riskier long-term strategies. Some shareholders want profits without regard to ethical consequences, other investors are willing to ease up on the