Question
Several disgruntled stockholders intend to replace as many directors as possible. Moody company has seven directors and 100,000 shares outstanding. a) how many shares should
Several disgruntled stockholders intend to replace as many directors as possible. Moody company has seven directors and 100,000 shares outstanding.
a) how many shares should the dissident stockholders control to elect at least one director under a majority voting system?
b) how many shares should the dissident stockholders control to elect one director under a cumulative voting system?
c) how many directors can the disgruntled stockholders elect if they control 40,001 shares?
d) These dissident stockholders want to elect 4 board members. How many additional shares must they acquire to achieve their objectives? (Assume that they own 40,001 shares at the present time.)
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