WASHINGTON (March 6, 2025)- Delaware’s status as the “corporate home of the American business world” is being threatened. The Washington Post reports that after a Delaware judge ordered Tesla to revoke CEO Elon Musk’s $56 billion pay package last year, the billionaire moved his companies' incorporations to Texas and Nevada. The relocations has created fear that other major firms may follow suit.
For more context on the matter, please consider Omari Scott Simmons, Lyle T. Alverson Professor of Law at the George Washington University Law School. Simmons is a leading expert in corporate governance and higher education. His work is utilized by scholars, courts, policymakers, and practitioners. His research explores emerging corporate directors, intermediaries, and business courts.
Professor Simmons said “DE General assembly will weigh highly controversial amendments that could change the shape of corporate law.”
If you wish to speak with Professor Omari Scott Simmons, please contact Media Relations Specialist Shannon Mitchell at [email protected].
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