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Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
April 23, 2024
Space Exploration Technologies Corp
Elon Musk to make another break with Delaware by moving SpaceX to Texas
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
February 15, 2024
FT Live
FTWeekend Festival: U.S. edition
The Saturday where the Financial Times Weekend paper comes to life
Saturday, 10 May 2025The REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Elon Musk
Elon Musk shifts Neuralink’s incorporation to Nevada
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
February 9, 2024
Transcript
Transcript: Why Elon Musk is breaking up with Delaware
...Michela Tindera So Delaware’s court system is fast and effective. But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
February 14, 2024
Bankruptcy
The US scourge of venue shopping
...Nor did it file in Delaware, where most of its entities are incorporated....
March 28, 2024
Fox Corporation
High-stakes Fox defamation trial begins with search for unbiased jury
...Judge Eric Davis is overseeing the case in Delaware, where Fox is incorporated, and will question the prospective jurors....
April 13, 2023
FT Live
Managing Operational Risk in M&A Transactions
Examining the value of business licensing and property tax in the deal cycle
Thursday, 20 JuneDigital Conference
Fox Corporation
Fox on trial as $1.6bn Dominion defamation case set to begin
...in Delaware....
April 18, 2023
Fox News Network
Judge delays Fox defamation case by a day
...Late on Sunday, Judge Eric Davis — who is overseeing the case in Delaware, where both Fox and the plaintiff, voting machine maker Dominion, are incorporated — said the court had decided to delay the start...
April 17, 2023
ReviewBusiness books
Lifting the lid on Delaware — corporate America’s tax haven
...One example, any retailer which has incorporated its gift card business in Delaware will have unspent balances on these cards....
December 5, 2022
Jo Ellison
No sex please, we’re British Airways
...The first fashion designer to create a uniform for the British Overseas Airways Corporation was Maurice Helman, whose military-style skirt suit with big button details took its inspiration from the world...
January 13, 2023
News in-depthMcDonald's Corp
McDonald’s court ruling turns up heat on corporate executives
...A judge in Delaware, where two-thirds of Fortune 500 businesses are incorporated, found shareholders could sue Fairhurst for allegedly failing to attempt to prevent pervasive sexual harassment at the company...
February 1, 2023
Digital currencies
The Crypt, updated
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
August 16, 2023
Elon Musk
Twitter ‘cannot become a free-for-all hellscape’, says Elon Musk
...The post comes just a day before his $44bn deal to buy Twitter is set to close, in keeping with a deadline imposed by a Delaware court....
October 27, 2022
X Corp
Fact-checking some dull bits of Elon Musk’s biography
...by the Delaware Chancery Court....
September 22, 2023
The Trump Organization
Judge authorises monitor to oversee Donald Trump’s businesses
...On the day the case was brought, the Trump Organization created another company called Trump Organization II, incorporated in Delaware, lawyers for New York attorney-general Letitia James told the court,...
November 3, 2022
FT Live
Decarbonising India's Industries
Unlocking the technologies and capital required to accelerate progress
Tuesday, 11 JuneDigital Conference
Special purpose acquisition companies
Spac investors set for $75bn boost as redemptions loom
...The majority of Spacs are based in the Cayman Islands, the Caribbean tax haven, but a minority are incorporated in the US state of Delaware....
September 4, 2022
News updates from November 18: Turkey’s central bank cuts rates again, Ford teams with GlobalFoundries to boost future chip supply, CVC to acquire Unilever tea business
Loss-making US yoghurt maker Chobani files for IPO
...The document also showed that in October Chobani had incorporated as a public benefit corporation in Delaware, which tasks the business with balancing the interests of its stockholders with other stakeholders...
November 17, 2021
News updates from November 17: UK inflation hits highest since 2011, Biden demands probe of ‘potentially illegal conduct’ in oil sector, Apple backflips on self-repair of its devices
Yoghurt maker Chobani files for IPO
...The document also showed that in October, Chobani had incorporated as a public benefit corporation in Delaware, which tasks the business with balancing the interests of its stockholders with other stakeholders...
November 17, 2021
FT Moral Money Forum
Stakeholders incorporated: Can capitalism change if company charters stay the same?
...It is a disrupter in another way, too. Rather than being classed as a C or S Corp, as is usual for large US companies, Lemonade is incorporated as a public benefit corporation (PBC)....
August 6, 2021
FT Alphaville
How to spend a million dollars, by Sam Bankman-Fried
...It runs as a public benefit corporation, “creating open-source software that medical regulators can use to rapidly understand how a study design operates and form confident opinions”, per its website....
December 19, 2022
UnhedgedRobert Armstrong
The ESG investing industry is dangerous
...The vast majority of large US companies are incorporated in Delaware, which is perceived as shareholder-friendly and where the courts have been clear that a corporation’s reason for existence is to serve...
August 24, 2021
Letter
Letter: Corporations should be accountable for ills they cause society
...One approach is for companies to reincorporate as Delaware public benefit corporations wherein the public benefit company “shall be managed in a manner that balances the stockholders’ pecuniary interests...
August 26, 2020
The Big Read
Africa’s green superpower: why Gabon wants markets to help tackle climate change
...“Every sizeable corporation in the world has made a commitment to net zero,” Ali says of a string of carbon emissions pledges, some more credible than others, by companies from Shell to British Airways and...
July 20, 2021
Law
Former Delaware chief justice Leo Strine joins Wachtell
...Mr Strine retired from the bench last year after a 21-year stint as a judge that spanned the lower Delaware Court of Chancery and then the Delaware Supreme Court....
April 27, 2020
Rodgin Cohen
It’s good for shareholders when boards consider public interest
...Most major US corporations are incorporated in Delaware or other shareholder primacy states where directors owe fiduciary duty to the company and its shareholders....
October 15, 2019

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