Musk blasted the pay decision and has encouraged other companies to follow Tesla and SpaceX and reincorporate out of Delaware. A handful have left the state or said they might, including Meta Platforms, opens new tab(META.O), opens new tab, TripAdvisor (TRIP.O), opens new tab and Trump's media company. Fears that a trickle of companies will turn into a stampede, which has been dubbed "DExit," prompted the state's legislature to consider amending its corporate law to better protect controlling shareholders from lawsuits.
As usual, the government rolls over and presents it's soft underbelly to the billionaires.