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Ted, a wealthy individual, plans to purchase 30 percent of a firm's Class A shares of outstanding stock. He believes that such a purchase will

Ted, a wealthy individual, plans to purchase 30 percent of a firm's Class A shares of outstanding stock. He believes that such a purchase will allow him to control the firm by electing his candidates to the board over time as current board member's terms expire. The firm has a cumulative voting process. What factors should Ted be considering and why to ensure he can gain the control he desires?

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