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SB-21: Delaware Blinks

Till I die, I will continue to maintain that public companies with Class B shares that enable voting control with diminimus economic interest and no sunset provision are anti shareholder. There are obvious exceptions ex-post.

Elon Musk is taking his corporate show to Texas. The bigwigs in Delaware panicked and passed SB-21 to head off a feared exodus.

Here is the very long argument and some math.

Enterprise Architecture (#27688)

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