In contrast, when the interests of managers and shareholders coincide, efficient tax management can provide value to the firm's shareholders.
Unfortunately, with the proposed legislation to tax REIT spinoffs, Congress has staked a claim in the ongoing struggle between managers and shareholders, and its claim is decidedly on the side of management.
But do they alienate managers and shareholders?
EXECUTIVE share options were created in an attempt to align the interests of managers and shareholders.
But that would require a clear policy, political courage and punishment for incumbent managers and shareholders.
Of this, $3.9 billion went to the managers and shareholders of Fannie Mae and Freddie Mac.
The interests of managers and shareholders conflict on many, but certainly not all, issues.
In particular, managers and shareholders are assumed to value different things.
This theory holds that conflicts of interest do not exist only between managers and shareholders but extend to various stakeholders.
It is well known that stock options do not perfectly align the interests of managers and shareholders.
Whether expensed or not, they are a poor means of aligning the interests of senior managers and shareholders.
