Let $\phi$ be a nonzero function in $L^\infty(T)$ where $T$ is the unit circle. Let $M_\phi$ be the multiplication operator and $T_\phi$ be the Toeplitz operator. Show $T_\phi$ and $M_\phi$ have no eigenvalues in common.
I keep getting that $\phi$ must be a constant if $T_\phi$ has an eigenvalue.
Recall: if $\phi\in L^\infty(T)$ and $P$ is the projection onto the Hardy space $H^2$, then $T_\phi(f)=P(\phi f)$ for $f\in H^2$.