After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. If Schenkel has 440,000 shares outstanding, and the stock currently sells for $53.
How much will it cost you to buy a seat if the company uses straight voting?
How much will it cost you to buy a seat if the company uses cumlative voting (assuming there are 4 seats in the current election)?