-
Delaware Gov. Matt Meyer says that things might 'change' because companies are in danger of taking up elsewhere.
-
Elon Musk has led the indictment to leave Delaware after a court has rejected his Tesla Pay package.
-
Delaware remains a top destination to record, especially under Fortune 500 companies.
Some companies – partly led by Tesla and SpaceX CEO Elon Musk – are in danger of leaving Delaware and taking it elsewhere.
However, Delaware's newly organized government Matt Meyer says that he is planning to lure them back.
“The fact is that Delaware is the best location in the world for a company to record, and that is due to our legal expertise that goes back to 1792. But let's be clear: if an entity leaves Delaware, we will work to work To win them back, “Meyer told Business Insider.
Almost 2.2 million entities “more than ever,” said Meyer being registered in Delaware, including two-thirds of all Fortune 500 companies, according to the State division.
Meyer said, however, that it remains a 'competitive environment', and that his state had to take challenges on his business laws seriously.
“Every company that thinks about departure, we actively reach out, we talk to them, we understand what the problems are and understand in which ways we can do better,” he said. “And for those entities that have already made the decision to leave, we continue to work hard to earn their trust and hopefully to let them come back.”
Musk called on companies to be re-admitted elsewhere after a court in Delaware had rejected his Tesla Pay package of $ 55 billion. Both Tesla and SpaceX left Delaware in Texas last year.
Bill Ackman, the billionaire -CEO of Pershing Square Capital Management, said on Saturday in an X -post that he intended to move his management company from Delaware to be re -admitted to Nevada or Texas.
“Every lawyer who still recommends the establishment in Delaware must currently be charged for malpractice,” Musk has posted on X in reference to Ackman's statement. “Texas or Nevada actually respect the rights of the shareholders.”
Meyer said that issues such as the balance of the shareholder and the management rights must be tackled.
“It is really important that we get it right for Elon Musk or whoever the parties are in the courts of Delaware,” he said. “We know that there can be a number of things that have to change. We are going to work on it.”
Although he is in office for less than two weeks, Meyer said that he has already met “leading legal brass from companies” and the government's leaders to put a path forward.
