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...Delaware....
...a way to hold the sword of Damocles of asserted uncertainty over the heads of Delaware judges . . ,” he drily noted....
...As such, tech companies with founder bosses as well as PE-backed companies, he said, may be suddenly more reluctant to subject themselves to the constraints of Delaware law and could then domicile in the...
...“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....
...The Delaware court of chancery dates to the 18th century and has faced many challenges in its time....
...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....
...blow to Musk’s finances as he seeks billions of dollars of investment for a new artificial intelligence company....
...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....
...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?...
...Musk, the world’s richest man, switched the incorporation of his brain-implant company Neuralink from Delaware to Nevada last week....
...The bigger picture is that Delaware chancery courts are there to make sure company boards and management are behaving appropriately....
...Ah, Delaware . . . along with decent beaches and the fading glamour of the DuPont dynasty, the state is known for being a cheap and cheerful venue for registering companies in relative privacy....
...Hours after the ruling, which Tesla can still appeal against, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...After the decision Musk posted on X, the social media platform he owns: “Never incorporate your company in the state of Delaware.”...
...If granted by the Delaware court, Bernstein would be among the 10 largest shareholders of the company....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...Shortly after the decision on his stock grant, Musk on X criticised Delaware as an unfriendly place for companies to domicile....
...Pilita Clark (Opinion, March 20) follows Leo Strine, former chief justice of the Delaware Supreme Court, in arguing that Orwellian doublethink is killing climate action....
...It is extraordinary,” Charles Elson, a governance expert at the University of Delaware, told me this week....
...The case filed in the Delaware Court of Chancery comes as corporate settlements with activists become more common....
...Following the decision, Musk wrote on X: “Never incorporate your company in the state of Delaware.”...
...A different Delaware judge in 2022 had ruled that Musk did not improperly influence the price of a merger between Tesla and solar panel company SolarCity, two companies in the entrepreneur’s portfolio that...
...At the turn of the millennium, the golden age of apathy, of 60 per cent voter turnout, casual political chat was rare, because it was considered naff. It is now ambient....
...On X, the social media platform that a Delaware court basically compelled him to buy for $44bn in 2022, the billionaire wrote: “Never incorporate your company in the state of Delaware.”...
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