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How many directors can mr hubbell elect to the board

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Reference no: EM131973618

Carl Hubbell owns 5,001 shares of the Piston Corp. There are 10 seats on the company board of directors, and the company has a total of 55,000 shares of stock outstanding. The Piston Corp. utilizes cumulative voting. All 10 seats are up for election next week.

a. How many directors can Mr. Hubbell elect to the board? (Do not round intermediate calculations. Round down your answer to the nearest whole number.)

Number of Directors _______

b. Can Mr. Hubell elect himself to the board next week?

Yes ____

No ____

Reference no: EM131973618

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