Andrei Shleifer and Laurence Summers's Breach of Trust Hypothesis Refers

Andrei Shleifer and Laurence Summers's breach of trust hypothesis refers to:

A) the new management, following a change in ownership, breaking the implicit contracts the old management had with the workforce.
B) employees stealing from their employer and breaking the latter's trust.
C) Both of the above are correct.
D) None of the above are correct.