interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders … that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an …

taxation. We propose a simple alternative theory of dividend taxation in which managers and shareholders have conflicting … contracting. If the contract between shareholders and the manager is second-best efficient, deadweight burden follows the standard … contract is second-best inefficient -- as is likely when firms are owned by diffuse shareholders because of incentives to free …

The agents to whom shareholders delegate the management of corporate affairs may transfer value from shareholders to … managers. We question this view within its own analytical framework by studying, in a principal-agent model, the effects of … diversion overlooks a significant cost of such behavior. Many common modes of compensation can provide managers with incentives …

effect on the managers of unionized firms. To this end we" collected and assembled data on unionization and managerial pay …" where unions are stronger, fewer managers are employed …

work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

in 2003, using a paired sample of management proposals on executive equity incentive compensation plans submitted before … and after the rule change. While voting support for management has decreased over time, we find no evidence that mutual … funds' support for management declined after the rule change, as expected by advocates of disclosure. In fact, we find …

/supervisory practices and "tough" management opposition to unionism. - that a high innate propensity for a union victory deters management … intensely against the union. - that the careers of managers whose wages/supervisory practices/ benefits lead to union organizing … management opposition, reflected in diverse forms of behavior, is a key component in the on-going decline in private sector …