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...Texas”....
...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....
...Wednesday’s shareholder letter sets out in granular detail how the board sought to justify the decision to shift to Texas on governance grounds, while keeping with the wishes of Musk to move....
...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....
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X. Good, fine, whatever....
...of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce — at least 14,000 jobs....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...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....
...He marvelled at the margins on his daughter’s newly acquired iPod but stopped short of buying shares in manufacturer Apple....
...Chew has proposed multiple alternative measures to a sale for allaying US national security concerns, including the Project Texas plan and a potential American stock market listing of TikTok....
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...The Democratic Republic of Congo has accused Apple of using illegally exported minerals from the war-torn east of the country, challenging the iPhone maker’s assertions that it carefully verifies the origins...
...“Daughter” brings to mind Ennio Morricone with pattering guitar, dramatic orchestrations and a passage of soprano singing from Italian aria “Caro mio ben”....
...Levy said he expected “modestly negative” free cash flow, which would be the first quarter of negative cash since the start of 2020....
...Under the deal announced on Tuesday, CRH will acquire a 2.1mn tonne capacity cement plant between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas and a portfolio of 20...
...To begin, a coiffed president of the rump republic cranks the hyperbole to promise “the greatest victory in the history of mankind”. DC proves a mere sideshow, though....
...He testily refused to comment this week on reports that the ambitious Model 2 project — which called for a new “revolutionary manufacturing system” at factories in Texas and Mexico — had been scrapped so...
...“The People’s Republic of China represents the most critical threat [among cyber risks],” General Timothy Haugh, head of US cyber command, told the Vanderbilt event....
...Soon after, Musk took to his social network X and offered some advice: “Never incorporate your company in the state of Delaware.” But will anyone take it?...
...Texas has a long way to go to match it, and the southwestern state’s judges would not gain credibility if they merely did the bidding of wilful entrepreneurs....
...But Nina Raine’s production doesn’t make you feel the music that courses through Jan’s veins and haunts Max’s dropout hippie daughter, Esme....
...Tesla could move to Texas in search of greater indulgence, but is it really a good idea? john.gapper@ft.com...
...First Republic and Signature....
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