5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock...

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5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock and the minority stockholders together own the other 40% of the stock. If the company is voting for 10 director positions, and if all votes are cast using a straight voting method, how many candidates favored by the majority owner will win the director positions?

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Answer 1

Answer #1

In Staight Line voting , shareholders Select Directors by a majority vote. Each share of stock has one vote.Each share is entitled to vote for each member of board being selected.

And so , All the 10 candidates will win the director position if favoured by the majoriy owner

answered by: ANURANJAN SARSAM

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Answer 2

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5. A corporation has 1,000 shares of stock outstanding. One person owns 60% of the stock...

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