There are four seats on the board of directors of Atlas Corp. up for election. The firm has 10,000 shares of stock outstanding and uses cumulative voting. Each share is granted one vote per open seat. How many shares must you control if you want to guarantee your election to the board assuming no one else votes for you? Group of answer choices 2,501 3,000 5,001 4,001 2.001

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter1: Introduction And Goals Of The Firm
Section: Chapter Questions
Problem 1.8CE
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There are four seats on the board of directors of Atlas Corp. up for election. The firm has 10,000 shares of
stock outstanding and uses cumulative voting. Each share is granted one vote per open seat. How many
shares must you control if you want to guarantee your election to the board assuming no one else votes for
you?
Group of answer choices
2,501
3,000
5,001
4,001
2,001
Transcribed Image Text:There are four seats on the board of directors of Atlas Corp. up for election. The firm has 10,000 shares of stock outstanding and uses cumulative voting. Each share is granted one vote per open seat. How many shares must you control if you want to guarantee your election to the board assuming no one else votes for you? Group of answer choices 2,501 3,000 5,001 4,001 2,001
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