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...This group briefly considered an option to domicile Tesla outside the US, but then drew up a shortlist of 10 states, before whittling the options down to Texas and Delaware....
...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”....
...Of the 470 public companies in the Fortune 500, 328 make their corporate home in the small, mid-Atlantic state best known for President Joe Biden and chemicals group DuPont, drawn in part to its stable and...
...a way to hold the sword of Damocles of asserted uncertainty over the heads of Delaware judges . . ,” he drily noted....
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...I’m talking about Delaware. Sujeet Indap Of the 470 public companies in the Fortune 500, more than 300 of them are incorporated in Delaware, in the likes of Disney or Amazon or Google, Microsoft....
...Delaware has been accused in the past of being over-friendly to boards; it now faces a fresh judicial challenge. The US tradition of legal competition among states is distinctive....
...Elon Musk is to shift the incorporation of SpaceX from Delaware to Texas, seeking to further limit exposure to the state after a judge there shot down his $56bn pay package from Tesla last month....
...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....
...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....
...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?...
...It gave her a sense of public service, a “sense of community and public good, and a sense of generosity towards each other”....
...The billionaire posted his comments about shifting to the state where Tesla’s physical headquarters are located following the ruling this week by Kathaleen McCormick, a judge in the Delaware Court of Chancery...
...The change from Delaware to Nevada was completed on Thursday, according to documents filed to the office of the Nevada secretary of state....
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..., a state-owned oil and natural gas group....
...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....
...The committee “initially considered all US states as well as the possibility of incorporating outside of the US”, before drawing up a 10-state shortlist — California, Delaware, Florida, Maryland, Nevada,...
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...“Never incorporate your company in the state of Delaware,” Musk commented on X, the social media platform he owns. Here is what the ruling means, if upheld, for the billionaire and his empire....
...The ruling came from a small court that oversees most large US public companies, thanks to so many of them being incorporated in the state....
...Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...privilege of a 12-year-old, paid his attorneys the lowest salaries in the state, gave away office guns to a motorcycle club without documenting it and used the office’s spending power to pay for lavish...
...Lawyers told the Financial Times that Bernstein Litowitz Berger & Grossmann, the law firm that led the representation of investors challenging the pay plan, could ask that the Delaware Court of Chancery...
...of Nato exercise Steadfast Defender 2024....
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