David Rothchild owns 6,001 shares of the Motor Corp.  There are 12 seats on the company board of directors, and the company has a total of 78,000 shares of stock outstanding.  The Motor Corp. utilizes cumulative voting.A. Can David Rothchild elect himself to the board when the vote to elect 12 directors is held next week?

Question
Asked Apr 29, 2019

David Rothchild owns 6,001 shares of the Motor Corp.  There are 12 seats on the company board of directors, and the company has a total of 78,000 shares of stock outstanding.  The Motor Corp. utilizes cumulative voting.

A. Can David Rothchild elect himself to the board when the vote to elect 12 directors is held next week? 

check_circleExpert Solution
Step 1

Calculating the number of directors that can be elected by Mr. Rothchild. We have,

Number of directors that can be elected = [(Share owned – 1) x (Total number of directors to be elected + 1)] / Total number of share outstanding

Number of directors th...

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