Which of the following individuals has the most power to influence corporate policy on a long-term basis?

Question

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The shareholder who owns 60% of the outstanding common stock has the most power to influence corporate policy on a long-term basis, as they have a majority stake in the company and can vote on important decisions such as board of director appointments and major corporate initiatives. The shareholder who owns 80% of the outstanding preferred stock may have a large stake in the company, but preferred stock typically does not come with voting rights. The treasurer and controller of the corporation have important roles in managing the company's finances, but they do not have the same level of influence over corporate policy as a major shareholder.

Which of the Following Individuals Has the Most Power to Influence