DExit: Reincorporation Data Show Delaware Tech Firms Weighing Moves.
A Harvard Law corporate governance post reports that data appear to support the 'DExit' hype, with increased interest in reincorporating away from Delaware following the Delaware Court of Chancery's invalidation of Elon Musk's $56 billion pay package.
Why It Matters
Delaware technology professionals should monitor this trend because a shift in reincorporation sentiment could affect Delaware's franchise revenue and its status as a corporate legal hub.