MAGA-friendly Executives Consider Leaving Delaware For Corporate-friendly States

Benzinga

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.

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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.

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