If Musks campaign is successful and half of companies move their incorporating state elsewhere, Delaware stands to lose $3B/year. That's $3000 per resident. That sounds like a lot for them to have to find from under the couch cushions.
I didn't bother with breakfast today because I was in a rush. If no-one ever ate breakfast again, the egg industry would be thrown into chaos. These facts are not meaningfully related.
More will follow.
The reality is Delaware decided to give the CEO no pay, and in turn hurt the shareholders by paying what is likely thr largest ever award to a law firm.
And who pays for it? The shareholders when tesla has to pay them an enormous amount of money.
All over 1 person who had 11 shares, granted they were a puppet
> And who pays for it? The shareholders when tesla has to pay them an enormous amount of money.
For the time being it saved the company 50billion, which is almost 10% of the value of the company. I don't believe that the law firm is getting anywhere close to that so yea, the court saved money for the shareholders. How is that hurting the shareholders?
“Why?!”
[mutters]
“What?”
[quietly, embarassed] “Podcast said to”
I mean, I suppose it’d be a bonanza for the lawyers, but hard to see it being much fun for anyone else.