In the wake of a Delaware judge’s controversial ruling that blocked Tesla CEO Elon Musk’s $56 billion shareholder-approved pay package, Texas lawmakers are moving to unseat Delaware as the premier corporate headquarters destination in the U.S. by crafting a more enticing legal climate — hoping to lure companies that might follow Musk’s lead to rehome in the Lone Star State.
Senate Bill (SB) 29 by Sen. Bryan Hughes (R-Mineola), which was heard in the Senate Committee on State Affairs on Monday, is moving through the upper chamber as the welcome mat for major companies who are worried that Delaware may intervene in their internal decision-making processes.
