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Jane, one of the analysts working for Brian at Cut-throat Capital Management noted that LightRod motors recently changed their board structure from a normal board
Jane, one of the analysts working for Brian at Cut-throat Capital Management noted that LightRod motors recently changed their board structure from a normal board of directors to a staggered board of directors. She writes in a memo to the investment committee that such a change makes LightRod motors more vulnerable to hostile take-over attempts. Is Jane correct? Explain your answer.
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