Question

21st century managers priotise personal gain ahead of stakeholders interests

Answer 1

It is absolutely not true to say that 21st century managers prioritise personal gain over stakeholder interests. In progressive organisations across the country, professional managers are contributing immensely towards the organisation's growth and profitability; it is imperative, therefore, that they are remunerated in a way that is commensurate with their contribution to the organisations they serve. 
In the past, remunerations of managers in India were not in conformity to the hard and effective work they put in and this led to the finest of our managerial talent leaving the country for greener pastures abroad; the exodus was arrested when our organisations woke up to realise that good talent can only be retained with the right remuneration.
If an organisation grows and its year on year profits soar, the ultimate gainers will always be the promoters and other stakeholders. Hence, it is worth paying efficient managers the right remuneration and utilising their acumen in the interest of the organisation.  

Answer 2

No, it is completely wrong that today's managers prioritize personal gains over stakeholder interest, it is because now a days managers are technically and professionally are more innovative and creative. Managers of progressive and flourishing organizations are contributing a lot in organization's gain and profits by their hard work and innovative ideas. As the organization earns profit due to manager's creative ideas and wise decisions the ultimate benefits go to stakeholders of the organization. So if the managers are paid according to their satisfaction they always prioritize stakeholder's interests.