Hints and tips:
Related Special Reports
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...Musk earlier this year lost his rights to a $56bn share-based pay package, a sum deemed “unfathomable” by a Delaware judge....
...The company found “several people had been violating company policies by not performing a required test, but recording the work as having been completed”....
...It said deliveries to Boeing had been delayed as the two companies have jointly inspected fuselages at Spirit’s factory since March 1 before they are shipped to Boeing’s plant in Renton, Washington....
...Boeing did not immediately respond to a request for comment on Saturday. The company’s share price closed at $179,79 on Friday, down 29 per cent since the beginning of the year....
...A Boeing worker at the company’s South Carolina plant flagged a testing “irregularity” to his manager, according to a memo that Scott Stocker, the head of the company’s 787 programme, sent to workers at...
...“Ultimately we don’t expect Spirit to be a public company for that much longer.”...
...A 2001 study found that companies with a Delaware incorporation enjoyed a premium on their valuations....
...The company has emerged strongly from the Covid-19 pandemic, returning to a profit of $164mn in 2023 as it ramped up deliveries of new aircraft....
...Boeing supplier Spirit AeroSystems, a former unit of the aircraft maker that is also the subject of a takeover by its one-time parent company, is set to report results this morning....
...Moody’s downgraded Boeing’s senior unsecured debt rating to one notch above junk with a negative outlook, citing “inadequate performance” of the company’s commercial planes business....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...Plaintiffs lawyers have been incredulous over the big corporate law firms’ grievance that Delaware had suddenly become too hostile towards companies....
...As such, tech companies with founder bosses as well as PE-backed companies, he said, may be suddenly more reluctant to subject themselves to the constraints of Delaware law and could then domicile in the...
...Michela Tindera So Delaware’s court system is fast and effective. But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...But the first question is why America’s famous private sector model has fallen short at Boeing. The company maintains that in a few years’ time, annual free cash flow will reach $10bn....
...Also likely to be of interest is troubled aircraft manufacturer Boeing, reporting first-quarter figures on Wednesday, a day ahead of its European rival Airbus....
...Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes....
...The company on Wednesday reported a $355mn net loss in the first quarter....
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
...The company said the claims were “inaccurate”. “Voluntary reporting without fear of reprisal is a critical component in aviation safety,” the Federal Aviation Administration told the Financial Times....
International Edition