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You want a seat on the board of directors of Zeph, Inc. The company has 220,000 shares of stock outstanding and the stock sells for
You want a seat on the board of directors of Zeph, Inc. The company has 220,000 shares of stock outstanding and the stock sells for $69 per share. There are currently 5 seats up for election. If the company uses cumulative voting, how much will it cost you to guarantee that you will be elected to the board?
$9,240,084
$2,772,076
$2,530,069
$6,160,084
$3,696,000
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