Hints and tips:
...Delaware....
...The internal discussions come after the bank this month announced that Paco Ybarra, the 36-year veteran who runs ICG, would leave by the middle of next year....
...another Delaware entity called SV America Inc....
...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....
...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....
...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....
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...The lawyers who represented victorious Tesla shareholders may be in line for a record-breaking payout worth hundreds of millions, or even billions, of dollars after a Delaware court on Tuesday voided a $56bn...
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...It is extraordinary,” Charles Elson, a governance expert at the University of Delaware, told me this week....
...The order from the Delaware Court of Chancery on Tuesday sent Tesla shares down more than 4 per cent in after-market trading, dealing a blow to Musk as he seeks billions of dollars of investment for a new...
...in Delaware....
...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....
...A trial in a Delaware court was expected to start on Monday....
...On Monday, a Delaware corporate law court ruled that a 2018 remuneration plan, worth as much as $55.8bn, was improperly awarded to the electric vehicle tycoon....
...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to disguise her incredulity at Elon Musk’s jaw-dropping 2018 pay package when she ruled this week that it should be rescinded....
...(He will “immediately” hold an investor vote on shifting the company’s corporate registration from Delaware to Texas, as my colleagues William Sandlund and Peter Campbell report....
...As the FT’s Sujeet Indap reported on Wednesday, a Delaware decision last week striking down how much decision-making power Ken Moelis has at his boutique bank Moelis & Co, may prove pivotal in the Crown...
...controls (FT) What Barclays’ history tells us about its current predicament (Opinion) Independent in talks to take control of BuzzFeed and HuffPost in UK (FT) Elon Musk to make another break with Delaware...
...Cutting out a layer of management will yield some cost savings. Paco Ybarra, the departing head of ICG, earned $18.9mn last year and is not expected to be replaced. But Fraser must do better....
...SV Projects, the US-registered entity that Son used to buy the property, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to SV America, another Delaware entity...
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