Hints and tips:
Related Special Reports
...“Insider sales by high-level execs of large amounts of stock are never a good sign, it’s quite simple,” said Elson from the University of Delaware....
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling chief executive Elon Musk’s promise in February after a Delaware court voided his $56bn pay...
...Texas corporate law, it says, leans on Delaware doctrines and will not impede shareholder rights....
...‘‘You’ve got a bunch of judges down in Wilmington who are threatening our future, who are depressing the standard of living for the US public.”...
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...Expert as Musk is at disruption, Delaware’s incumbency will be hard to dislodge....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...A Delaware court recently struck down Elon Musk’s $56 billion Tesla pay package....
...When you turn the future of that company over to 12 jurors in a jury box, those jurors are your CEOs. Michela Tindera That’s Texas Governor Greg Abbott in a clip from a local news station last year....
...“Delaware is not quaking in its boots yet. But may be in the future,” he said. “We will have to build a reputation of being sophisticated and impartial.” sujeet.indap@ft.com...
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...If granted by the Delaware court, Bernstein would be among the 10 largest shareholders of the company....
...Gary Black, managing partner of The Future Fund, another shareholder, said many investors were asking him what the company would do this week....
...But Bernstein’s Varallo vigorously defended Delaware as a fair venue for both shareholders and companies....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...Texas last year created its own business court, although it has a long way to go to rival Delaware....
...“Fully becoming a Texas company would send a strong signal of Tesla’s commitment to the state and local community that have done so much for it already, and that are so important to Tesla’s future.”...
...Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented remuneration was improperly approved by the electric-car maker’s board of directors and had...
...Pilita Clark (Opinion, March 20) follows Leo Strine, former chief justice of the Delaware Supreme Court, in arguing that Orwellian doublethink is killing climate action....
...The Delaware court decided that Musk “controlled” Tesla even with just a 20 per cent stake in 2018....
...The latest NHTSA ruling caps a week that has seen the role of Tesla’s board come into greater focus after a Delaware court struck down chief executive Elon Musk’s record pay package....
...The Delaware court agreed with the plaintiff that Musk “controlled” Tesla even with just a 20 per cent stake in 2018....
...Delaware chancery court judge Kathaleen McCormick made little effort to disguise her incredulity at Elon Musk’s jaw-dropping 2018 pay package when she ruled this week that it should be rescinded....
Shares drop after car sales slip in first quarter
International Edition