Michael Meyers wishes to know how many shares are necessary to elect 5 directors out of the

Question:

Michael Meyers wishes to know how many shares are necessary to elect 5 directors out of the 14 directors up for election in the Austin Power Company. There are 150,000 shares outstanding and cumulative voting is used.

Cumulative Voting
Cumulative voting is the procedure followed when electing a company's directors. Typically, each shareholder is entitled to one vote per share multiplied by the number of directors to be elected. This is a process sometimes known as proportional...

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