8. When stockholders have little power over managers, managers put their interests over stockholder interests. Which of the following is a clear example of managerial interests being put ahead of stockholder interests?

a. Borrow large amounts to fund a firms operations

b. Dont pay dividends.

c. Refuse to do acquisitions

d. Pay greenmail to a hostile acquirer

e. Push stockholders to add anti-takeover amendments to the corporate charter