Walmart considers moving legal home out of Delaware.
A revolt led by tech billionaires has Delaware scrambling to preserve its lucrative status as the corporate home of the American business world.
A year after a Delaware judge ordered Tesla to revoke Elon Musk’s $56 billion pay package, prompting him to relocate his companies’ incorporation to Texas and Nevada, reports that other prominent firms might follow his lead have sparked a potential crisis for the state.[…]
Until recently, Delaware’s grip on that status seemed secure. Most Fortune 500 companies are incorporated there, bringing in some $2 billion a year in corporate franchise taxes — more than a third of the state’s annual revenue and a big reason it has no sales tax.






