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.
Federal courts are considering whether Elon Musk’s status as de facto administrator of DOGE complies with the Constitution’s Appointments Clause.
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.
In addition to going after a number of federal agencies, the State of Delaware remains in Elon Musk's cross hairs.
The lawsuit aims to protect information systems at major government agencies from Elon Musk's DOGE team, which President Donald Trump has tasked with overhauling the government.