Which of the following alternatives would be most likely to reduce the conflicts of interest between owners (stockholders) and managers? Change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. Pay managers large cash salaries and give them no stock options. Beef up the restrictive covenants in the firm's debt agreements. Eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. For a firm that compensates managers with stock options, make it easier for managers to receive these stock options