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...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....
...The governor of Texas is supposed to be appointing judges to this court any day now. It’s new. It’s obviously untested....
...The Texas governor last year signed legislation to create the Texas Business Court to hear commercial cases worth more than $5mn or $10mn, depending on the type of dispute....
...Musk, the world’s richest man, switched the incorporation of his brain-implant company Neuralink from Delaware to Nevada last week....
...Damocles of asserted uncertainty over the heads of Delaware judges . . ,” he drily noted....
...Collins Seitz Jr, the chief justice of the Delaware Supreme Court, tried to play statesman, noting the state is “not trying to win popularity contests” and that “Delaware has always persevered”....
...Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented compensation was improperly approved by the automaker’s board of directors and had short-changed...
...of Delaware,” he told his 171mn followers on his social network X....
...“After ‘investment banker’, ‘independent director of a Delaware public company’ is the safest job in M&A,” Leo Strine, former chief justice of the Delaware Supreme Court, liked to quip....
...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...
...Read a transcript of this episode on FT.com...
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
...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....
...A spokesperson for the Delaware Department of State said Tuesday that it has referred what appears to be a faked iShares filing to the state’s Department of Justice....
...Exhibit one: Kristi Noem, governor of South Dakota. She had been mentioned as a possible vice-presidential candidate for Donald Trump....
...Taking out life insurance on a stranger is “anathema to hundreds of years of public policy” and a violation of the Delaware Constitution, the suit says....
...The governor of the Bank of England said the UK is still in the midst of a “pronounced period” of disinflation even after official figures showed slightly higher than expected price growth for March....
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...A reversal of that status quo risked upsetting financial stability. But on Tuesday, after eight years in the negative, the Bank of Japan governor Kazuo Ueda pulled it off in smooth style....
...Handler’s breach of contract claims against Centerview over back pay and equity remain pending in the Delaware court....
...The Japanese currency traded as low as ¥157.78 to the dollar after BoJ governor Kazuo Ueda said the weakness of the yen was so far having “no major impact” on Japanese inflationary pressures, fuelling speculation...
...BoE governor Andrew Bailey last week also struck an optimistic note about the battle against inflation as price growth fell to 3.2 per cent in March — far below the double-digit levels inflation hit in mid...
...Clare Lombardelli, chief economist at the OECD, has been appointed a deputy governor at the Bank of England....
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