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...US buyout firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser as it seeks to bolster its consumer and retail team so it can explore new investments....
...“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....
...CD&R and BC Partners declined to comment....
...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...
...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....
...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....
...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....
...‘‘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.”...
...Texas corporate law, it says, leans on Delaware doctrines and will not impede shareholder rights....
...A Delaware court recently struck down Elon Musk’s $56 billion Tesla pay package....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...Most big US carmakers have reported a drop in electric vehicle sales due to softening consumer demand, a shift in preference to hybrids and increased competition from low-cost options from Chinese brands...
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...In its filing on Friday, Bernstein noted there had been two larger jury awards made in past US civil lawsuits — both of which were in Texas....
...The company reckons that AI can make tackling US tax returns — with its W-2s, 1098s and other obscurely coded documents — easier. It has rolled out an AI assistant across its core products....
...Elon Musk has done another thing, which obliges us to do another thing....
...In the US, plaintiffs’ lawyers often take most or all of their fees from a portion of a settlement or judgment, a so-called contingency arrangement....
...Data group Circana said US toy sales were down 8 per cent year on year in the first nine months of 2023....
...This is a pivotal event for US corporate governance, recalling the last time the court came close to such a momentous step....
...In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D....
...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...
...Investors, who are already digesting a steadily falling share price, disappointing sales figures, and a contentious plan to move company headquarters from Delaware to Texas, face another conundrum: whether...
...former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago, a Delaware...
...They're a family-owned business from the Danish countryside beating big listed US companies. Parents like buying their kids a toy that keeps them away from screens....
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