Boston Fishery has been experiencing decining earnings but has just announced a 50 percent salary...
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Boston Fishery has been experiencing decining earnings but has just announced a 50 percent salary increase for its top executives. A dissident group of shareholders wants to oust the existing board of directors. There are currently 15 directors and 33,000 shares of stock outstanding, Mi Bass, the president of the company has the full support of the existing board. The dissident shareholders control procles for 16.001 shares Mi Bass is worried about losing his job. 0-1. Under cumulative voting procedures, how many directors can the dissident shareholders elect with the proxies they now hold? (Round down the final answer to the nearest whole number.) Number of directors a-2. How many directors could they elect under majority rule with these proxies? O One O TWO Three Four O None b. How many shares (or proxies) are needed to elect eight directors under cumulative voting? Number of shares
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