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The management of Blue Hamster Manufacturing Inc. controls 58% of the company's stock. The firm did not meet any of its quarterly sales projections for the last year. Some of the firm's institutional investors are worried that the firm's poor performance is partly because management has not been focused on maximizing shareholder wealth. Which of the following measures would the institutional investors most likely want to see implemented? They would want to change the corporate bylaws so that one-third of the board seats are filled each year and each director serves a three-year term. They would want to ensure that the company's CEO is also the chairperson of the board of directors. They would want to change the corporate charter to allow cumulative voting instead of noncumulative voting. It is reasonable to assume that a firm's management is going to be ultimately motivated to act in their own best interest. It can be a serious problem for shareholders if management's self-interests do not align with shareholders' self-interests. Select the statement that best describes the board of directors' actions in the following scenario: Red Snail Satellite Company's board of directors has decided to buy back 200,000 shares of the company's stock on the open market. The board believes that this stock repurchase will increase the firm's earnings per share

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