Ross owns 918 shares of Flag Fabric Co. There are 13 directors to be elected. 31,000 shares of common stock are outstanding. There is cumulative voting.
a. How many votes can be cast for directors?
b. How many votes does Betsy control?
c. What percentage of the vote does Betsy control?© BrainMass Inc. brainmass.com October 9, 2019, 6:23 pm ad1c9bdddf
Below is how to solve the problems.
I am going to assume that "Betsy" and "Ross" are the same person. Otherwise this problem doesn't ...
Calculations of voting control of corporations based on stock ownership is provided in the solution