Explain the factors that lead to a proxy contest. What is its outcome?
What will be an ideal response?
One or more shareholders may oppose the actions taken by the incumbent directors and want to have some or all of these directors removed and replaced. The insurgent shareholders offer their own slate of proposed directors to replace the current directors. The insurgent shareholders can challenge the incumbent directors in a proxy contest, in which both sides solicit proxies from the other shareholders. The vote will be taken at the annual meeting of the shareholders or at a special meeting of the shareholders if one has been called. The side that receives the greatest number of votes wins the proxy contest, and its slate of directors becomes the directors of the corporation.
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Holders of preferred stock normally do not have
a. preference as to dividends. b. preference as to assets in liquidations. c. full voting rights. d. ownership interests in the corporation.
Gena borrows $350,000 from Fish Island Bank to buy a home, which secures the mortgage. In the seventh year of the loan, Gena stops making payments. After the bank repossesses the property but before it is sold, Gena may buy it by paying
a. an amount that equals the potential proceeds from the property's sale. b. an amount that exceeds the potential proceeds from the property's sale. c. the amount of the missed payments, but not more. d. the full amount of the debt, plus any interest and costs.
How do employees acquire tacit knowledge?
What will be an ideal response?
Packets are ________
A) switched B) routed C) both A and B D) neither A nor B.