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...Delaware....
...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...
...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....
...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....
...One vice-chancellor of the Delaware Court of Chancery, perhaps surprisingly, welcomed the competition when asked by the Financial Times, citing how much work he had....
...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....
...But though this series is rambling, rowdy and guilty of hanging around too long (rather unlike a gentlemen) it is also a diverting slice of light lads-and-dads entertainment....
...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....
...A Delaware judge has denied a $129mn settlement between cinema chain AMC Entertainment and its stockholders that would have paved the way for the beleaguered company to sell more shares to help it stay afloat...
...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....
...“[Blavatnik] has a real love of the arts and the entertainment industry.”...
...campaign ahead of the entertainment giant’s annual meeting next month....
...With ecommerce expected to continue growing, developers say they are seeing demand from warehouse operators across Europe for investments in entertainment, food and other facilities more commonly offered...
...Netflix has agreed a $5bn deal to screen World Wrestling Entertainment’s flagship Raw programme in the US over the next decade, in the group’s biggest foray so far into streaming live events....
...Redstone in 2020 inherited control of the entertainment conglomerate that her late father, Sumner Redstone, built over the past century....
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