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...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....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...The vote is a chance for shareholders to re-endorse Musk’s leadership of the company, at a time when Tesla’s sales have fallen in the face of slowing demand and rising competition....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...in the city of Taylor in Texas....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...Companies will need shareholders’ approval to relocate, regardless. Tesla has already moved its corporate headquarters from California to Texas....
...As for Texas, it cemented a reputation as a place where companies would actively avoid blockbuster commercial litigation over worries of risky and unsophisticated jurisprudence....
...For those of you who haven’t heard of the company, JSR commands around 30 per cent of the global market share of photoresists, specialist chemicals used to print circuit designs on chip wafers....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...“It’s going to have a very real impact on the ways companies behave and the expectations of individuals” regardless of whether it was legally put into effect, she said....
...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
...United Airlines last week said it now anticipates Boeing will deliver 61 of the narrow-body aircraft in 2024, down from an expectation of 101 at the beginning of this year....
...Three regions produce 61 per cent of the country’s natural gas: Appalachia, the Permian and the Haynesville (mostly east Texas and Louisiana)....
...New York has sued 17 bus companies for bringing thousands of migrants to the city from the Mexican border at the behest of Texas governor Greg Abbott, in a scheme that it says has caused a housing and budget...
...Texas has a long way to go to match it, and the southwestern state’s judges would not gain credibility if they merely did the bidding of wilful entrepreneurs....
...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?...
...Chew has proposed multiple alternative measures to a sale for allaying US national security concerns, including the Project Texas plan and a potential American stock market listing of TikTok....
...US security officials say Beijing could access the personal data of the 170mn Americans who use TikTok because of Chinese laws requiring domestic companies to hand over information to the government....
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...SpaceX is a far larger business — a valuation of almost $200bn makes it one of the most valuable private companies in the world....
...In New York City, three pension plans that have chosen to divest from fossil fuel companies face a separate lawsuit alleging their decision was not made to further the interests of plan participants....
...“These maps, they are intended to whet the appetite of both government and companies with adequate resources to be able to start down that R&D pathway,” said Terra Rogers, director of superhot rock energy...
...The Republican governors of Alabama, Georgia, Tennessee and Texas released a joint statement opposing the UAW on Tuesday, calling the union “special interests looking to come into our state and threaten...
...Outside those two centres, other notable clusters of fast-growing companies were Dallas-Fort Worth in Texas with 14, and Washington DC and surrounding areas with 20....
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