How many directors can baker elect

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Reference no: EM131792399

Question: Mr. Michaels controls proxies for 38,000 of the 70,000 outstanding shares of Northern Airlines. Mr. Baker heads a dissident group that controls the remaining 32,000 shares. There are seven board members to be elected and cumulative voting rules apply. Michaels does not understand cumulative voting and plans to cast 100,000 of his 266,000 (38,000 × 7) 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? Use logical numerical analysis rather than a set formula to answer the question. Baker has 224,000 votes (32,000 × 7).

Reference no: EM131792399

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