In this video, Motley Fool analysts Blake Bos and Austin Smith are talking about Waste Management, (NYSE:WM), and analyzing its top management. In every investment, it's important to focus on the company's management team because, ultimately, they are the ones who drive the company.

Waste Management's new CEO, David P. Steiner, and his new team seem to be promising, as their restructuring plan is designed to bring down the selling, general and administrative expenses (SG&A) over time. This strategy, which has been deployed by other companies like Procter and Gamble  (NYSE:PG) is suitable for cash rich and domestically focused companies with limited growth opportunities, and has the potential to improve earnings by reducing costs.

Three important management performance measures that the company uses are responsible capital expenditures, SG&A reduction, and three year's share price performance metrics. These seem reasonable.

Austin Smith owns shares of Waste Management. Blake Bos owns shares of Microsoft. The Motley Fool owns shares of Microsoft and Waste Management. Motley Fool newsletter services recommend Microsoft, The Procter & Gamble Company, and Waste Management. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.