Elon’s exodus: Tracking Musk’s business incorporation state changes

Billionaire Elon Musk is urging businesses around the country to change their state of incorporation from Delaware to other states, like he is doing with his companies in response to a Delaware court voiding his Tesla compensation package.

The $56 billion Tesla compensation plan – the largest awarded to an executive at a publicly traded company – was voided last month after a Delaware judge ruled in favor of a shareholder’s lawsuit. The judge held that Tesla’s shareholders were not adequately informed of Musk’s close ties to the directors who approved the comp plan or that he was already on pace to achieve many of the performance-based