Midland Petroleum is holding a stockholders meeting next month. Ms. .docx - Midland Petroleum is holding a stockholders meeting next month Ms Ramsey is

# Midland Petroleum is holding a stockholders meeting next month. Ms. .docx

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Midland Petroleum is holding a stockholders' meeting next month. Ms. Ramsey is the president of the company and has the support of the existing board of directors. All 11 members of the board are up for reelection. Mr. Clark is a dissident stockholder. He controls proxies for 34,001 shares. Ms. Ramsey and her friends on the board control 54,001 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 32,998 shares. The company uses cumulative voting. a. How many directors can Mr. Clark be sure of electing? (Do not round intermediate calculations. Round down your answer to the nearest whole number.) Number of directors b. How many directors can Ms. Ramsey and her friends be sure of electing? (Do not round

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Unformatted text preview: intermediate calculations. Round down your answer to the nearest whole number.) Number of directors C-1. How many directors could Mr. Clark elect if he obtains all the proxies for the uncommitted votes? (Do not round intermediate calculations. Round down your answer to the nearest whole number.) Number of directors c-2. Will he control the board? Yes O No d. If ten directors were to be elected, and Ms. Ramsey and her friends had 62,001 shares and Mr. Clark had 42,001 shares plus half the uncommitted votes, how many directors could Mr. Clark elect? Assume the same number of total shares as the original question. (Do not round intermediate calculations. Round down your answer to the nearest whole number.) Number of directors...
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