Walmart and other major corporations are considering relocating their legal homes from Delaware. The potential departures follow Elon Musk’s move of Tesla to Texas after a Delaware judge negated his $55 billion pay package.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart and other major corporations are considering relocating their legal homes
00:06from Delaware. The potential departures follow Elon Musk's move from Tesla to
00:11Texas after a Delaware judge negated his $55 billion pay package. Meta CEO Mark Zuckerberg
00:17has also reportedly weighed a move to Texas, while Dropbox and Bill Ackman's investment firms
00:22are shifting to Nevada. Executives who favor MAGA politics control their companies through
00:27super-voting stocks, making their departure from Delaware seem like a tech backlash.
00:32Delaware relies on corporate fees for a quarter of its revenue,
00:35making state officials highly responsive to business concerns.
00:38For all things money, visit Benzinga.com slash GSTV.