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Sam's Computer Software Company is having an election for the board of directors. There are 8 director positions being elected, chosen from 17 candidates. The
Sam's Computer Software Company is having an election for the board of directors. There are 8 director positions being elected, chosen from 17 candidates. The company has a price per share of $46, and 919,226 shares outstanding. How much (dollar value) would it take to guarantee a seat on the board for a firm with straight voting?
You should round to the whole share (not as a fractional share such as 0.5 shares). In other words, make sure your math includes a full share for the price.
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