The Controversy of Shareholder Primacy in Corporate Governance: Criticisms and the Role of Financialization

What theories and observations about the nature of the corporation have been used to support shareholder primacy models of corporate governance? Explain why this model has become controversial by reviewing and evaluating criticisms of the model as highlighted in course readings including those by Salazar, Weinstein and Laurin-Lamothe and Wellen. Be sure to include a discussion of financialization, including the rise of asset manager capitalism to support your argument.