Multiple Choice
Firm Y has 5,000,000 outstanding shares.There are 11 directors on the firm's board.The Bubba family owns 20% the firm's stock.How many directors can the Bubba family elect by themselves if firm Y uses majority voting?
A) 0
B) 1
C) 2
D) 3
Correct Answer:
Verified
Correct Answer:
Verified
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