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Stock impact report

Musk's War on Delaware Spurs Bill Pushed by Private Equity [Yahoo! Finance Canada]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Most Read from Bloomberg A team of five lobbyists hired by the American Investment Council, which is funded by the likes of Blackstone Inc. and KKR & Co., has been pressing lawmakers to support the bill. If passed into law, the “billionaires' bill,” as some detractors call it, would lower the standards for insider deals involving controlling shareholders and for rich compensation packages for founders like Musk. An army of professional influencers has been “swarming the statehouse,” as one legislator put it. The bill passed the state House of Representatives on Tuesday evening, and is on its way to be signed into law. The legislation comes after growing criticism that the state's corporate law has become obstructive. But the effort gained new urgency when Musk, the world's richest person, gave Delaware a scare by reincorporating his companies in Texas and Nevada. He acted after the Chancery Court's chief judge shot down his Tesla Inc. pay package, the largest ever awarded to a bu Show less Read more
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