Business, 23.08.2021 23:20, dorindaramirez0531
Midland Petroleum is holding a stockholdersâ 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 53,001 shares. Ms. Ramsey and her friends on the board control 63,001 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 24,998 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 24,998 shares. The company uses cumulative voting.
Required:
a. How many directors can Mr. Clark be sure of electing?
b. How many directors can Ms. Ramsey and her friends be sure of electing?
c. How many directors could Mr. Clark elect if he obtains all the proxies for the uncommitted votes?
d. Will he control the board?
Answers: 2
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Business, 23.06.2019 10:00, kayleahwilliams6
How does a business determine the markup on a product or service? by matching the closest competitor by checking online prices by calculating the profit that will keep the business going by considering how much the product is worth to the consumer
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Midland Petroleum is holding a stockholdersâ meeting next month. Ms. Ramsey is the president of the...
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