Krager Foods Corp. has 700,000 shares outstanding. General Grocery, one of its subsidiaries, is disgusted with current management practices and is trying to get some of its own people elected to the board of directors. There are 15 directors, and General Grocery controls proxies for 87,501 shares.

A) Under cumulative voting, how many directors can General Grocery elect?

B) How many shares will General Grocery have to acquire in order to elect 8 directors?

Answer rating: 100% (QA)

A Under cumulative voting the formula to calculate the number of directors a shareholder can elect i... View the full answer