"Delaware's Corporate Battle: Elon Musk's Pay Package Revoked and Shareholders Frustrated"
Elon Musk is advocating for companies to incorporate in Nevada or Texas instead of Delaware, which has been the dominant state for incorporation due to its corporate-friendly laws and specialized business courts. Musk's push comes after a federal judge in Delaware invalidated his $56 billion Tesla pay package. Other states like Nevada, Texas, South Dakota, North Carolina, Washington, and Wyoming are also trying to attract companies with business-friendly incorporation strategies. However, Delaware's long-standing dominance and experienced judiciary pose challenges for other states to unseat it as the top choice for company incorporation.