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Delaware is trying to make nice again with corporations after Elon Musk's exit

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Delaware's reputation as a business-friendly state has taken a hit. Musk and other corporate leaders have left Delaware for other states.
Delaware is attempting to repair its relationship with corporations following Elon Musk's decision to move SpaceX's incorporation from Delaware to Texas. This move came after a Delaware judge invalidated Musk's $56 billion compensation package from Tesla, prompting concerns about the state's corporate governance. In response, Delaware's Governor John Carney and other state officials are actively engaging with business leaders to reassure them of Delaware's business-friendly environment. They emphasize the state's long-standing reputation for predictable and fair corporate law, which has historically attracted numerous companies. Additionally, Delaware is considering legislative changes to enhance its appeal, such as potentially allowing corporations to opt out of certain legal precedents like the one that affected Musk's compensation. This effort underscores Delaware's commitment to maintaining its status as a preferred state for corporate charters.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/companies/delaware-is-trying-to-make-nice-again-with-corporations-after-elon-musk-s-exit/ar-AA1AZKKf ]