A year after Elon Musk urged U.S. companies to abandon Delaware as their legal home and follow Tesla to Texas, legislators in the two states on Wednesday considered bills in an unusual battle over corporate law that critics say benefits powerful shareholders.
Until recently, Delaware was the undisputed home to Corporate America, even though few companies have significant operations in the state. Most large public companies charter their business in Delaware to take advantage of its corporate law governing relations between boards of directors and shareholders. More than 20% of state budget revenue comes from