That of Tesla (TSLA) Elon Musk says he will search shareholder approval to move the company’s incorporation to Texas following a recent X poll. Musk believes Texas could offer a more favorable legal environment regarding the fiduciary duties of directors. This comes after the Delaware judge canceled Musk’s nearly $56 billion pay package.
Yahoo Finance Legal Reporter Alexis Keenan reports on this story and what the legal implications of this decision could be.
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Editor’s note: This article was written by Eek Ntekim