Everson Importers has 1,500 shares of common stock outstanding of which Dino owns 500 shares. The company has 3 open seats on the board of directors. Dino wishes to be elected to the board
But realizes that no one else will vote for him. To guarantee his election, Dino will have to own
_____ of 1,500 plus 1 of the shares if the ﬁrm uses straight voting versus owning _____ of 1,500
Plus 1 of the shares if the ﬁrm uses cumulative voting.

Question

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The Answer of Everson Importers has 1,500 shares of common stock outstanding of which Dino owns 500 shares. The company has 3 open seats on the board of directors. Dino wishes to be elected to the board
But realizes that no one else will vote for him. To guarantee his election, Dino will have to own
_____ of 1,500 plus 1 of the shares if the ﬁrm uses straight voting versus owning _____ of 1,500
Plus 1 of the shares if the ﬁrm uses cumulative voting.

Everson Importers Has 1,500 Shares of Common Stock Outstanding of Which