How many directors could elect under majority rule

Reference no: EM131943299

Question: The Beasley Corporation has been experiencing declining earnings, but has just announced a 50 percent salary increase for its top executives. A dissident group of stockholders wants to oust the existing board of directors. There are currently 15 directors and 38,500 shares of stock outstanding. Mr. Wright, the president of the company, has the full support of the existing board. The dissident stockholders control proxies for 19,101 shares. Mr. Wright is worried about losing his job. a-1. Under cumulative voting procedures, how many directors can the dissident stockholders elect with the proxies they now hold? (Do not round intermediate calculations. Round your answer down to the nearest whole number.) Number of directors a-2. How many directors could they elect under majority rule with these proxies? One Two Three Four None b. How many shares (or proxies) are needed to elect eight directors under cumulative voting? (Do not round intermediate calculations. Round your answer up to the nearest whole number.) Number of shares.

Reference no: EM131943299

Questions Cloud

What social or civil institution should be monitoring health : What social or civil institutions should be monitoring health? State your stance on required reporting to international agencies or committees.

What is the impact of free trade on domestic job creation : The gains from specialization and trade are based on comparative advantages, which reflect the relative opportunity costs of production.

Rule relate to communication of acceptance : What is postal acceptance rule and how does this rule relate to communication of acceptance?

What are the impacts of currency devaluation and revaluation : Trade balance affects the Gross Domestic Product (GDP) of a country because net export is a component of the GDP. Recall GDP = C + I + G + Nx.

How many directors could elect under majority rule : The Beasley Corporation has been experiencing declining earnings, but has just announced a 50 percent salary increase for its top executives.

What are the two major strategic group competitors : What are the two major strategic group competitors for Better World Books and what are the significant future actions of each competitor?

Industry attractive for new entrants and for incumbents : In management, what are the most important of the five industry forces affecting Better World Books and what is their effect, high-moderate-low?

Determine the suitable software and hardware needed : Determine the suitable software and hardware needed with an explanation on why it's needed.Identifying security issues as well as how to avoid it.

Analyzes the financial condition of gemini electronics : Based on the Gemini Electronics case study, Assuming the role of Sarah McIvor, CA, prepare a two-page memorandum that analyzes the financial condition.

User Account

All Pages