The shareholders of the Spartan Corp. are electing five individuals to serve as directors on their...

The shareholders of the Spartan Corp. are electing five individuals to serve as directors on their board. There are 3 million shares outstanding. (a) You really want your finance professor to be appointed to Spartan's board. You own 1,000,000 shares. If Spartan has straight voting, can you guarantee that your professor will be elected? (b) You really want your finance professor to be appointed to Spartan's board. You own 1,000,000 shares. If Spartan has cumulative voting, can you guarantee that your professor will be elected?

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jeff jeffy answered 1 year ago

The stockholders control a corporation by electing a board of directors.

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