Shareholders vs. Bondholders

I start most of my classes off discussing the Nexus of Contracts and how the different stakeholder groups have different incentives which lead to fights and conflicts. This may be the most celar-cut example I have seen in a while.Which Buyout Firms Were Quickest to Cash Out? - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "Most shareholders like dividends —