Why a manager should, or should not, be considered a stakeholder?
Managers should definitely be considered stakeholders. A stakeholder is someone that has an interest in the business, and this interest involves money. This can involve the gain or loss of money in any one of several forms. When we think of stakeholders, we often think of the investors as primary, which is essentially true, although there are many others. We could also include customers, the community, ...
This solution explains why managers should (or should not) be considered company stakeholders.