Chapter 17, Problem 36P

The Darkroom Windowshade Company has $\text{1}00,000$ shares of stock outstanding. The investors in the firm awn the following numbers of shares: investor 1 has $\text{2}0,000$ shares; investor 2 has $\text{18},000$ shares; investor 3 has $\text{15},000$ shares; investor 4 has $\text{1}0,000$ shares; investor 5 has $\text{7},000$ shares; and investors 6 through 11 have $\text{5},000$ shares each. What is the minimum number of investors it would take to vote to change the company’s top management? If investors I and 2 agree to vote together, can they be certain of always getting their way in how the company will he run?