Carl hubbell owns 5001 shares of the piston corp there are, Finance Basics

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Carl hubbell owns 5001 shares of the piston corp there are

Question: Carl Hubbell owns 5,001 shares of the Piston Corp. There are 10 seats on the company board of directors, and the company has a total of 55,000 shares of stock outstanding. The Piston Corp. utilizes cumulative voting. All 10 seats are up for election next week.

a. How many directors can Mr. Hubbell elect to the board? Number of directors

b. Can Mr. Hubbell elect himself to the board next week?

Yes

No

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Finance Basics: Carl hubbell owns 5001 shares of the piston corp there are

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Finance Basics: Carl hubbell owns 5001 shares of the piston corp there are

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