Question
Suppose a firm has 16.1 million shares of common stock outstanding and seven candidates are up for election to six seats on the board of
Suppose a firm has 16.1 million shares of common stock outstanding and seven candidates are up for election to six seats on the board of directors.
| a. | If the firm uses cumulative voting to elect its board, what is the minimum number of shares needed to ensure election to the board? b. If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election to the board? |
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The Handbook Of Equity Market Anomalies
Authors: Leonard Zacks
1st Edition
0470905905, 978-0470905906
