The bill overturns decades of thoughtfully crafted common law and puts Delaware in direct competition with Nevada for the state which gives controllers the clearest and easiest to follow road map to commit grand larceny.
SB 21 creates “safe harbors” for controllers to steal from their controlled public companies and from the stockholders who invested in those companies without having to answer for doing so.
Coming on the heels of another panicked giveaway to the corporate defense bar just last year, this is a reckless move that will undermine investor confidence and further erode Delaware’s credibility as a fair corporate forum
Elon will do what he wants to do. He took billions from taxpayers in California then moved his headquarters to Texas when he couldn’t get his way.
So these greedy people want everything structured to benefit their greed at the expense of others
SB 21 is a license to steal for corporate controllers like Elon Musk. The idea that SB 21 will restore “balance” between the interests of regular investors and billionaires who control companies is demonstrably false.
Senate Bill 21 (the "Billionaires’ Bill").
House scheduled a vote for this week. Don't let Democrats in Delaware surrender so Musk gets his $56 billion cash out from Tesla.
Call them and DEMAND them to VOTE NO on SB-21!✊️
302-744-4351
I live in Delaware and emailed every single one of them, including the governor. Crickets. Not a single response from any of them. Not even a “we got your email blah blah blah”
Comments
NATIONAL DAY OF ACTION - SATURDAY, APRIL 5
========================================
💙 Show up!
💙 Make signs!
💙 Bring friends!
💙 Alert local media!
💙 And keep up the boycotts!
My money is many voters in Delaware don’t understand that their state is a tax haven.
Driving away corps is like taking booze away from Kentucky or oil out of Texas.
Without this creepy, undemocratic means of making $$ for the state, how will Delaware survive?
Merge w/ New Jersey?!
If we don't act, who will? Elon Musk will just continue to rewrite laws to consolidate his power and take billions. F*ck no! #StopSB21 #StopMusk
So these greedy people want everything structured to benefit their greed at the expense of others
House scheduled a vote for this week. Don't let Democrats in Delaware surrender so Musk gets his $56 billion cash out from Tesla.
Call them and DEMAND them to VOTE NO on SB-21!✊️
302-744-4351
#StopSB21 #TeslaTakeDown #Indivisible
https://bsky.app/profile/ourfinancialsecurity.org/post/3lko73emyms23