Elon Musk fought Delaware's laws. Musk may be winning. I wrote about how a billionaires' revolt has the tiny state that's home to the world's largest corporations scrambling to rewrite its rules. www.washingtonpost.com/technology/2... - ThreadSky

willoremus.com • 1 day ago

Elon Musk fought Delaware's laws. Musk may be winning.

I wrote about how a billionaires' revolt has the tiny state that's home to the world's largest corporations scrambling to rewrite its rules. https://www.washingtonpost.com/technology/2025/03/04/delaware-corporate-law-elon-musk/

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whingerf.bsky.social•1 day ago

Looks as though the battle lines have been drawn. If I may say so, god help the billionaires. They still have to eat, breathe air and live a life. Having a couple hundred million people hate your guts and want you dead is not known to be an effective survival strategy.

prawfbainbridge.bsky.social•10 hours ago

You couldn't be bothered to find any vocal supporters of Delaware SB 21 for your article or engage the arguments in favor of it? It's not like we're hiding out here.

hotlineaguirre.bsky.social•1 day ago

don't believe a word of this. delaware's not real

willoremus.com•1 day ago

Delaware's leaders say they're making needed reforms to corporate law to head off an exodus of firms to Nevada and Texas, including Meta and Bill Ackman's hedge fund. Critics say they're gutting corporate accountability to appease a few billionaires.

Gift link to my story today: https://wapo.st/4h5TQce

willoremus.com•1 day ago

It doesn't help Delaware lawmakers' case that one of the four corporate lawyers they tapped to draft the proposed reform works for a firm that represented Tesla in the Musk pay package case that launched the revolt — as CNBC's @lorak.bsky.social first reported: https://www.cnbc.com/2025/02/18/firm-representing-musk-tesla-drafts-bill-for-delaware-corporate-law.html

burnsieann.bsky.social•1 day ago

Sheep, meet Wolf.

lorak.bsky.social•1 day ago

Also Richards, Layton & Finger filed to rep "defendants Elon Musk, Kimbal Musk, Ira Ehrenpreis, James Murdoch, Robyn Denholm, Kathleen Wilson-Thompson, Joe Gebbia, JB Straubel, and Tesla, Inc." here: https://www.plainsite.org/dockets/5h88bvt73/delaware-court-of-chancery/cleveland-bakers-and-teamsters-pension-fund-v-elon-musk/ Entry of appearance filed 9/16/2024

marsrover.bsky.social•1 day ago

Bless whoever chose that photo as the card preview image.

bjkeefe.bsky.social•1 day ago

"But the package has raised alarms from legal experts who say the changes could curtail corporate accountability ..."

Corporate accountability? In DELAWARE?

petekyyz.bsky.social•1 day ago

Teapot Dome 2.0

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