In Tesla’s wake, more big companies propose voting “Dexit" to depart Delaware

Q: How long will it take to read this news story?

The story "In Tesla’s wake, more big companies propose voting “Dexit&quot; to depart Delaware" has 987 words across 39 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "In Tesla’s wake, more big companies propose voting “Dexit&quot; to depart Delaware" was covered 9 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 69 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28708534</li><li>URL: https://z7.beamstart.com/news/in-teslas-wake-more-big-17472190453184</li></ul>

Channel News Asia Logo Channel News Asia 9h ago

In Tesla’s wake, more big companies propose voting “Dexit" to depart Delaware - Channel News Asia

Quick Summary:

WILMINGTON, DEL.:In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state's longtime reputation as Corporate America's capital, Reuters has found.

Trump Media, which is controlled by a trust that owns shares on behalf of President Trump and is overseen by his oldest son, said in its March proxy statement that Delaware's "increasingly litigious environment facing corporations with controlling stockholders has created unpredictability in decision-making.

In Nevada, the same controlling shareholder deal would likely be protected by a legal standard known as the business judgment rule, which shields against lawsuits, regardless of how it was negotiated and approved, legal experts said.