Woke is my determination. Delaware was a major destination for companies to incorporate for tax reasons, but things have changed. Given that this is Delaware, the home of President Joe Biden, they joined in his game of “woke everything.”
First, a judge ruled that the compensation for Elon Musk was too high after shareholders voted for it, so Elon and his companies departed, suggesting that other companies do the same. More woke decisions in Delaware along with uncertainty have other companies leaving as well. Such as Dell, Coinbase and others. That income goes away, and Delaware is a small state, so these impacts will be major. New York and Delaware are losing money faster than they can tax, which means more taxes on anything that moves.
Judges are the issue when they join with the activists and woke policies, but it seems they never pay the consequences for their actions, especially those of a political nature. All IMO.
https://www.newsmax.com/newsfront/delaware-market-capitalization-datadog/2026/05/16/id/1256500/
“The backlash intensified after Delaware Judge Kathaleen McCormick voided Musk’s Tesla pay package despite overwhelming shareholder approval. Musk responded by urging companies to “leave Delaware” and reincorporate elsewhere.
“Never incorporate your company in the state of Delaware,” Musk posted on X after the ruling.
Legal experts say many executives fear Delaware courts now give activist shareholders and plaintiffs’ attorneys too much leverage, exposing companies to costly lawsuits and judicial intervention.
Harvard professor emeritus Alan Dershowitz has called the state’s judiciary “one of the most corrupt in the nation.”
The renowned lawyer has said corporations and their boards put themselves at serious risk by staying domiciled in Delaware.
Corporate leaders also cite ESG mandates, diversity requirements, and governance pressures as reasons for reconsidering Delaware incorporation.
Among the notable companies that have either moved or announced plans to move out of Delaware are Tesla, SpaceX, Neuralink, TripAdvisor, Dropbox, Roblox, Coinbase, Simon Property Group, Dillard’s, Bill Ackman’s Pershing Square Capital, and now Liberty Media and Datadog.”