Is stock price maximization good or bad for society? Why or Why Not?

Answer 1

The objective of maximizing stock prices is a relevant objective only for firms which are publicly traded. Stockholders alone cannot be a beneficiary in any system and that is not good for society.
In the German and Japanese systems of corporate governance, firms own stakes in other firms, and often make decisions which are in the best interests of the industrial group they belong to, rather than in their own best interests. In this system, the argument goes, firms will keep an eye on each other, rather than ceding power to the stockholders. The prices get stabilised between the stocks this way.
This way, the stock price maximization can be converted as stockholders wealth maximization and the society also will benefit. In fact a balance bwtween stock price maximization, firm value maximization and stockholder wealth maximization should be the motive.
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Answer 2

The same actions that maximize stock prices also benefit society. Stock price maximization requires efficient, low cost operations that produce high quality goods and services at the lowest possible cost. Stock price maximization requires the development of products and services that consumers want and need, so the profit motive leads to new technology, new products and new jobs. Also, stock price maximization necessitates efficient and courteous service, adequate stocks of merchandise and well located business establishments.

Answer 3

It is not called stock price maximization it is called the 'increasing the stock holder's value' which is benificial for the society and this the mission of every Finance professional.
By way of try to achieve this they make the companies more efficient, supply better products, incorporate processes that are more efficient, outsource good materials, by running processes make products affordable etc; etc; which ultimately improves the purchasing power of the populous and increases their welfare.