Cumulative voting rules apply

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Mr. Michaels controls proxies for 41,000 of the 76,000 outstanding shares of Northern Airlines. Mr. Baker heads a dissident group that controls the remaining 35,000 shares. There are eight board members to be elected and cumulative voting rules apply. Michaels does not understand cumulative voting and plans to cast 150,000 of his 328,000 (41,000 × 8) votes for his brother-in-law, Scott. His remaining votes will be spread evenly for three other candidates. How many directors can Baker elect if Michaels acts as described above? Assume Mr. Baker casts an equal number of votes for each open position.

Reference no: EM131073240

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