Okay, so I’m finally putting a thread together: what is the deep-blue Delaware legislature proposing to do and why is it the most evil thing not directly involving Donald Trump happening in America today?
https://legis.delaware.gov/BillDetail/141857
https://legis.delaware.gov/BillDetail/141857
Comments
It’s not taxes. That’s an urban legend. It’s Delaware’s corporate law, which (1) has very few mandatory rules, (2) is adjudicated by a court system with a really spectacular reputation for being fair, apolitical, and consistent,
I want to emphasize that Delaware courts’ reputation for fairness isn’t some euphemism for “always sides with big business”
When one stockholder or small group controls 50+% of the stock, though, elections are basically pro forma. Ultimate authority ends up resting with the controller
1) What do they mean by denying SB21 was written by Tesla/Musk lawyers given that sponsor Brian Townsend said a lawyer for a firm representing Tesla wrote the final draft? (https://spotlightdelaware.org/2025/02/19/delaware-corporate-law-change-sb-21/)
They should really hire a better lie coordinate, as all these points are directly refuted in the bill’s text, as well as outside reporting…
WFP has a petition objecting to it all, which is one step toward pushing back … https://actionnetwork.org/letters/stop-elon-musks-corporate-law-bill/
Looks like it was Seaford, I'm not up on where things stand now but here's an old article about it.
https://www.cnn.com/2023/06/30/business/delaware-seaford-businesses-voting/index.html
Easy reading on complex subject. If you like Michael Lewis’ books, you’ll like this, also.