Final answer:
Devana is a '40 percent shareholder' and a 'minority shareholder' of GW Corp. with 40 out of 100 shares. In contrast, Alpine Corp. is the majority shareholder with 60 shares. Majority control requires over 50% of the shares, analogous to the Darkroom Windowshade Company case.
Step-by-step explanation:
The question pertains to shareholder percentages and their influence in a corporation. In the scenario presented, GW Corp. is divided into 100 shares, with Devana owning 40 shares and Alpine Corp. owning 60 shares. As shareholders, they have various rights within the company, including the right to vote on corporate matters, such as electing the board of directors or influencing major company decisions.
Regarding the type of shareholder Devana is, with 40 out of 100 shares, Devana owns 40% of the company's stock. Therefore, Devana is a '40 percent shareholder'. One would be a majority shareholder if they owned more than 50% of the shares, and a minority shareholder if they owned less than 50%. Since Devana has less than 50% of the shares, they could also be described as a 'minority shareholder'. Alpine Corp., with 60 shares, would be the majority shareholder. An 'equal shareholder' scenario would occur only if both parties owned the same number of shares.
To better understand shareholder powers, consider The Darkroom Windowshade Company case, which serves as an example involving more complex shareholder dynamics. In that case, to change the company's top management, the vote requires the consensus of shareholders who cumulatively own more than 50% of the shares. If investors 1 and 2, owning 20,000 and 18,000 shares respectively, vote together, they hold a 38% share collectively, which does not guarantee that they can always get their way, as they would still need additional shareholders to surpass the 50% mark.