Midland Petroleum is holding a stockholders’ meeting next month. Ms. Ramsey is the president of the...

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Midland Petroleum is holding a stockholders’ meeting next month.Ms. Ramsey is the president of the company and has the support ofthe existing board of directors. All 11 members of the board are upfor reelection. Mr. Clark is a dissident stockholder. He controlsproxies for 32,001 shares. Ms. Ramsey and her friends on the boardcontrol 52,001 shares. Other stockholders, whose loyalties areunknown, will be voting the remaining 22,998 shares. The companyuses cumulative voting.

a. How many directors can Mr. Clark be sure ofelecting? (Do not round intermediate calculations. Rounddown your answer to the nearest whole number.)


b. How many directors can Ms. Ramsey and herfriends be sure of electing? (Do not round intermediatecalculations. Round down your answer to the nearest wholenumber.)


c-1. How many directors could Mr. Clark electif he obtains all the proxies for the uncommitted votes?(Do not round intermediate calculations. Round down youranswer to the nearest whole number.)


c-2. Will he control the board?

Yes
No


d. If nine directors were to be elected, andMs. Ramsey and her friends had 53,001 shares and Mr. Clark had33,001 shares plus half the uncommitted votes, how many directorscould Mr. Clark elect? (Do not round intermediatecalculations. Round down your answer to the nearest wholenumber.)

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Midland Petroleum is holding a stockholders’ meeting next month.Ms. Ramsey is the president of the company and has the support ofthe existing board of directors. All 11 members of the board are upfor reelection. Mr. Clark is a dissident stockholder. He controlsproxies for 32,001 shares. Ms. Ramsey and her friends on the boardcontrol 52,001 shares. Other stockholders, whose loyalties areunknown, will be voting the remaining 22,998 shares. The companyuses cumulative voting.a. How many directors can Mr. Clark be sure ofelecting? (Do not round intermediate calculations. Rounddown your answer to the nearest whole number.) b. How many directors can Ms. Ramsey and herfriends be sure of electing? (Do not round intermediatecalculations. Round down your answer to the nearest wholenumber.) c-1. How many directors could Mr. Clark electif he obtains all the proxies for the uncommitted votes?(Do not round intermediate calculations. Round down youranswer to the nearest whole number.) c-2. Will he control the board? YesNo d. If nine directors were to be elected, andMs. Ramsey and her friends had 53,001 shares and Mr. Clark had33,001 shares plus half the uncommitted votes, how many directorscould Mr. Clark elect? (Do not round intermediatecalculations. Round down your answer to the nearest wholenumber.)