The shareholders of the Mango Company need to elect 10 new directors. There are 950,000 shares...

  

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The shareholders of the Mango Company need to elect 10 new directors. There are 950,000 shares outstanding currently trading at $70 per share. You would like to serve on the board of directors; unfortunately, no one else will vote for you. How much will it cost you to be certain that you can be elected if the company uses straight voting? How much will it cost you if the company uses cumulative voting? The shareholders of the Mango Company need to elect 10 new directors. There are 950,000 shares outstanding currently trading at $70 per share. You would like to serve on the board of directors; unfortunately, no one else will vote for you. How much will it cost you to be certain that you can be elected if the company uses straight voting? How much will it cost you if the company uses cumulative voting?

Answer rating: 100% (QA)

Cost of acquiring a board seat at Mango Company Heres the breakdown of the cost depending on the vot... View the full answer