Hilton has 220,000 shares of stock outstanding with a current market value of $34 a share. I own 40,000 of these shares.
Next month, the election will be held to select three new members to the board of directors. The firm uses a cumulative voting system.
How much additional money do I need to spend to guarantee that I will be elected to the board assuming that everyone else votes for one of the other candidates?© BrainMass Inc. brainmass.com June 3, 2020, 9:32 pm ad1c9bdddf
The number of shares required ...
Answers a conceptual question on Stock Voting Shares.