Posted on 04/10/2024 7:02:59 AM PDT by Twotone
Forget the First State — call it the Worst State.
One CEO launched a $2 million bid Monday to dirty up Delaware’s boring reputation and encourage America’s corporations to stop registering there despite its business-friendly taxes and court system.
Philip Shawe is spending big on a national attack ad after a bruising court battle which made him a sworn enemy of the state best known as the home of Joe Biden.
He is not its only enemy. Elon Musk has also lashed out at Delaware, specifically its courts, claiming they’re bad for the businesses which register there after he lost his own court battle over his planned $56 billion compensation package from Tesla.
“As Tesla’s CEO, Elon has created an unprecedented amount of value for his shareholders, and per the contract he signed with his board years he earned that compensation,” Shawe told The Post. “This is a terrible precedent for CEOs and companies across the country.”
(Excerpt) Read more at nypost.com ...
Great to see a businessman fighting back for a change.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.