The management of Bidget Corp. controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year. They would want to change the corporate bylaws so that one-third of the board seats are filled each year and each director serves a three-year term. They would want to change the corporate charter to allow cumulative voting instead of noncumulative voting. They would want to ensure that the company's CEO is also the chairperson of the board of directors. or shareholders if management's self-interests do not align with shareholders' self-interests. Select the statement that best describes the board of tirectors' actions in the following scenario: Atherton Fuels Co. currently has $1.1 billion in cash on its balance sheet. The CFO thinks the firm will need $600 milion cash to allow for unexpected costs. However, the board of directors has decided that the firm will pay this money out to the shareholders in the form of a cash dividend. The board's decision is extremely risky and not very practical. The board's decision will give management the incentive to make decisions that are not in the shareholders' best interest. The board's decision will help align management's interests with the shareholders' interests