Why is profit maximization not consistent with the objective of wealth maximization?

Profit maximization focuses on increasing a firm's earnings in the short term, often neglecting factors such as risk, sustainability, and long-term growth. In contrast, wealth maximization aims to enhance the overall value of the firm for its shareholders over the long term, considering aspects like cash flow, investment decisions, and market conditions. Consequently, an exclusive focus on immediate profits can lead to decisions that undermine long-term shareholder wealth, such as under-investment in innovation or neglecting social responsibilities. Ultimately, while profit maximization can contribute to wealth, it is not always aligned with the broader objective of maximizing shareholder value.