Elon Musk criticizes Delaware’s corporate laws after a judge rejected his Tesla pay package. Delaware Gov. Matt Meyer responds during an appearance on “The Hill.”
Elon Musk went to war with Delaware over its corporate laws after a judge shot down his massive Tesla pay package, moving his companies out west. Now the First State is responding with a legislative overhaul to keep other moguls from following him.
After a bruising battle with Elon Musk, the state where most of the S&P 500 is incorporated, is making itself more pliable for boards and big shareholders.
We could give you products if you want it, and we can sell you, but we want to give you individually that technology," Mercedes-Benz ( MBG.DE) CEO Ola Källenius told me this week on an earnings call with reporters.
In addition to going after a number of federal agencies, the State of Delaware remains in Elon Musk's cross hairs.
More CEOs fed up with Delaware and its powerful Chancery Court are going the way of Elon Musk, reincorporating their companies elsewhere and publicly airing their frustrations.
Tesla's law firm helps draft legislation that some experts say could restore Musk's $55B pay package
A law firm representing Elon Musk and Tesla helped draft a bill some experts say could, if passed, possibly restore Musk's lost multibillion-dollar compensation package.
WILMINGTON, Delaware (Reuters) - Delaware lawmakers on Monday proposed changes to the U.S. state's widely used corporate law that would limit shareholder lawsuits after several high-profile companies said they might move their legal home to another state.
The proposed bill, which was posted on the Delaware General Assembly’s website on Monday, would make it more difficult for shareholders to show that a corporate director is “conflicted” in a deal, a legal status which makes it easier to prove the transaction was unfair to ordinary shareholders.
Elon Musk recently attempted an unsolicited takeover of OpenAI that was rejected. Now the creator of ChatGPT wants to make sure that any future coups from the world's richest man won't be successful.
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