Do you believe that corporate managers are responsible only to their shareholders and have an obligation to increase profits?

Learning Goal: I’m working on a philosophy writing question and need a sample draft to help me learn.
“”in class we watched (Downfall: The Case Against Boeing) documentary on Netflix.””
–
Are you a shareholder theorist or a stakeholder theorist?
Choose a side in this debate. Do you believe that corporate managers are responsible only to their shareholders and have an obligation to increase profits? Or do you think that corporate managers must balance the sometimes competing interests of multiple stakeholders even if that means that shareholders sometimes earn a smaller return?
In ONE PAGE make an argument in defense of your position.