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Your hedge fund is wishing to elect three of its allies to the Board of Directors of Ron's Jellybean's, Inc. There are 12 total board
Your hedge fund is wishing to elect three of its allies to the Board of Directors of Ron's Jellybean's, Inc. There are 12 total board members up for election . Your hedge fund has accumulated shares of the company and now owns 15% of the 1,700,000 outstanding shares. Ron's uses cumulative voting to elect directors, but even with this you do not believe you have enough votes to ensure election of three directors. Along with your shares, how many additional shares must be pursuaded to vote with you to ensure electing three directors?
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