There Are Four Open Positions on the Board of Directors

question 59

Multiple Choice

There are four open positions on the board of directors of Double Tree Hotels.The company has 360,000 shares of stock outstanding.Each share is entitled to one vote.How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting?

• A)36,001 shares
• B)75,001 shares
• C)77,001 shares
• D)72,000 shares
• E)72,001 shares