The Delaware ‘Billionaire’s Bill’ That Just Passed Is Bad News for Everyone Who Isn’t a Billionaire

Quick Summary:

Musk very publicly pulled his businesses out of the state in favor of Texas, and encouraged other companies and businesspeople to do the same.

The “billionaires’ bill,” as some detractors called it, eased the standards for insider deals involving controlling shareholders and for rich compensation packages for founders like Musk.

A piece of legislation that was written by the law firm representing Elon Musk has been passed by the state of Delaware’s Democrat-controlled legislature.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Lucas Ropek

Category: Technology

Markets: United States

Topics: Musk Critics Corporate State Fundamentally Company Bill Legal Shareholders Companies Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 15:41:40 (5 days ago)

News Timezone: GMT -5:00

News Source URL: gizmodo.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Gizmodo

News ID: 27371352

View Article Analysis

About Gizmodo

Main Topics: Technology

Official Website: gizmodo.com

Update Frequency: 33 posts per day

Year Established: 2002

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #30

Publisher Details

Frequently Asked Questions