Question
Suppose a firm has 50 million shares of common stock outstanding and eight candidates are up for election to six seats on the board of
Suppose a firm has 50 million shares of common stock outstanding and eight 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 votes 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 Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
