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Jalenos Owned Voting Stock in Altech,Inc

Question 28

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Jalenos owned voting stock in Altech,Inc.He submitted a 700-word shareholder proposal to management one week before the next shareholders' meeting.The proposal called for the firing of Carter,who was the president of Altech.Management rejected Jalenos' proposal.Point out the problems with Jalenos' proposal.

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Jalenos' proposal was longer t...

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