A company has three open seats on its board of directors. There will be a single election to determine the winner of all open seats. As the owner of 50,000+(5,000xA) shares of stock (with A: the last digit of your student ID; for example, if the last di
A company has three open seats on its board of directors. There will be a single election to determine the winner of all open seats. As the owner of 50,000+(5,000) shares of stock, you will receive one vote per share for each open seat. You decide to cast all of your votes for a single candidate.
a. What is this type of voting called? What is the number of votes you can cast?
b. With this type of voting, suppose the company has 1 million+(100,000) shares outstanding, how many more shares must you buy to be assured of earning a seat on the board?
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
A company has three open seats on its board of directors. There will be a single election to determine the winner of all open seats. As the owner of 50,000+(5,000xA) shares of stock (with A: the last digit of your student ID; for example, if the last di
Russell United has 28,500 shares of stock outstanding and has two open seats on its board...
Russell United has 28,500 shares of stock outstanding and has two open seats on its board of directors. Each share of common stock is granted one vote. How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting?
Mary owns 100 shares of stock. Each share entitles her to one vote per open seat...
Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are 3 open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting? O A Condensed B. Straight C. Proxy OD. Aggregate E. Cumulative
16. There are four open positions on the board of directors of QQQ Enterprises. The company has 340,000 shares of s...
16. There are four open positions on the board of directors of QQQ Enterprises. The company has 340,000 shares of stock outstanding. Each share is entitled to one vote. How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting? A) 68,001 shares B) 85,001 shares C) 170,001 shares D) 113,334 shares E) 60,001 shares 17. In which of the following institutions do dealers carry out transactions?...
Mary owns 100 shares of stock. Each share entitles her to one vote per open seat on the board of directors. Assume there are 3 open seats in the current election and Mary casts all 300 of her votes for a single candidate. What is the term used to describe this type of voting? O A Condensed B. Straight C. Proxy OD. Aggregate E. Cumulative
16. There are four open positions on the board of directors of QQQ Enterprises. The company has 340,000 shares of stock outstanding. Each share is entitled to one vote. How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting? A) 68,001 shares B) 85,001 shares C) 170,001 shares D) 113,334 shares E) 60,001 shares 17. In which of the following institutions do dealers carry out transactions?...
Most questions answered within 3 hours.
-
The electric field in the region between two oppositely charged,
parallel, conducting plates has a magnitude...
asked 20 seconds ago -
A small body of mass m performs small oscillations sliding (no
rolling) along the bottom of...
asked 1 minute ago -
A simple random sample was taken to test the claim that the
population mean is no...
asked 1 hour ago -
A set of length measurements are obtained with the values 165.6
± 0.3, 165.1± 0.4,166.4± 1.0,...
asked 1 hour ago -
1. Which of the following is true about unconscionable
contracts?
a. A term is substantially unconscionable...
asked 14 minutes ago -
A company is interested in estimating the costs of lunch
in their cafeteria. After surveying employees,...
asked 46 minutes ago -
A 0.2m diameter ball with an initial velocity of 8m/s rolls up a
hill without slipping....
asked 29 minutes ago -
I want to redraft the solution, using other words , use your own
words don't copy...
asked 18 minutes ago -
Hyundai Motors is considering threesites—A, B,C —at which to
locate a factory to build its new-model...
asked 20 minutes ago -
Learning Outcomes:
Upon the successful completion of this module, you should
understand the following concepts:
Strategic...
asked 21 minutes ago -
Identify four of the five major types of organizations within
the federal bureaucracy, and give examples...
asked 30 minutes ago -
The following data have been obtained
for the effect of solvent composition on the solubility of...
asked 30 minutes ago