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...The company is asking shareholders again to vote in favour of Elon Musk’s 2018 pay package — the same one nullified earlier this year by the Delaware Court of Chancery....
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
...in the city of Taylor in Texas....
...But in the mid-1980s, through happenstance, Jamail starred as a central figure in one of the most sensational mergers and acquisitions disputes in history....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...Outside those two centres, other notable clusters of fast-growing companies were Dallas-Fort Worth in Texas with 14, and Washington DC and surrounding areas with 20....
...For those of you who haven’t heard of the company, JSR commands around 30 per cent of the global market share of photoresists, specialist chemicals used to print circuit designs on chip wafers....
...Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...company’s incorporation from Delaware to Texas....
...telephone system....
...Texas, meanwhile, is a red state, not generally given to pursuing socially beneficial projects. But actions speak louder than words....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...This will entail assessing shareholder proposals at companies’ annual meetings and voting against “attempts to pressure companies to diminish the use of fossil fuels” or proposals that oppose gun rights,...
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
...Companies will need shareholders’ approval to relocate, regardless. Tesla has already moved its corporate headquarters from California to Texas....
...Three regions produce 61 per cent of the country’s natural gas: Appalachia, the Permian and the Haynesville (mostly east Texas and Louisiana)....
...In New York City, three pension plans that have chosen to divest from fossil fuel companies face a separate lawsuit alleging their decision was not made to further the interests of plan participants....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...New York has sued 17 bus companies for bringing thousands of migrants to the city from the Mexican border at the behest of Texas governor Greg Abbott, in a scheme that it says has caused a housing and budget...
...SpaceX is a far larger business — a valuation of almost $200bn makes it one of the most valuable private companies in the world....
...US security officials say Beijing could access the personal data of the 170mn Americans who use TikTok because of Chinese laws requiring domestic companies to hand over information to the government....
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...Millions of people are expected to watch the total solar eclipse that will sweep across North and Central America on Monday, including a big crowd at Niagara Falls....
...Prysmian, the world’s largest, this week used that expertise to agree to buy Texas-based Encore Wire for €3.9bn. There will be more hook-ups to come....
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