Elon Musk criticizes Delaware’s corporate laws after a judge rejected his Tesla pay package. Delaware Gov. Matt Meyer responds during an appearance on “The Hill.”
Brazilian Supreme Court Justice Alexandre de Moraes ordered the social media platform X owned by billionaire Elon Musk to pay a fine of 8.1 million reais ($1.42 million) for noncompliance with judicial orders,
Elon Musk went to war with Delaware over its corporate laws after a judge shot down his massive Tesla pay package, moving his companies out west. Now the First State is responding with a legislative overhaul to keep other moguls from following him.
After a bruising battle with Elon Musk, the state where most of the S&P 500 is incorporated, is making itself more pliable for boards and big shareholders.
More CEOs fed up with Delaware and its powerful Chancery Court are going the way of Elon Musk, reincorporating their companies elsewhere and publicly airing their frustrations.
In addition to going after a number of federal agencies, the State of Delaware remains in Elon Musk's cross hairs.
A federal court granted a motion sought by Delaware and others blocking the Department of Government Efficiency from accessing private information.
Divisions under the Department of Health and Social Services will present their requests to committee members.
Elon Musk went to war with Delaware over its corporate laws after a judge shot down his massive Tesla pay package, moving his companies out west. Now the First State is responding with a legislative overhaul to keep other moguls from following him.