An executive board consists of a president (P) and three vice-presidents ( V 1 , V...
An executive board consists of a president (P) and three vice-presidents ( V 1 , V 2 , V 3 ). For a motion to pass it must have yes votes from three of the voting members, one of which must be the president's.
A weighted system that could represent this situation is: [ Q : P , V 1 , V 2 , V 3 ]
where:
Q =
P =
V 1 =
V 2 =
V 3 =
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An executive board consists of a president (P) and three
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Index
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Midland Petroleum is holding a stockholders' meeting next month. Ms. Ramsey is the president of the company and has the support of the existing board of directors. All 12 members of the board are up for reelection. Mr. Clark is a dissident stockholder. He controls proxies for 54,001 shares. Ms. Ramsey and her friends on the board control 64,001 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 24,998 shares. The company uses cumulative voting. a. How...
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