Question
The shareholders of the Pickwick Paper Company need to elect four directors. There are 200,000 shares outstanding. a. What is the minimum number of shares
The shareholders of the Pickwick Paper Company need to elect four directors. There are 200,000 shares outstanding.
a. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majority voting?
b. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has cumulative voting? (Round your answer to the nearest whole number.)
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
