Coinbase to reincorporate in Texas, exit Delaware(reuters.com)
reuters.com
Coinbase to reincorporate in Texas, exit Delaware
https://www.reuters.com/business/coinbase-set-reincorporate-texas-2025-11-12/
6 comments
Your post is very long on inflamed political rhetoric but short on coherent arguments or facts. After reading it, I would know that you’re a Republican but still have no idea that the Chancery judge’s “activism” wasn’t, say, seizing the means of production but responding to a allegations of conflicts of interest brought in a lawsuit by another very rich person representing a group of shareholders.
> Your post is very long on inflamed political rhetoric but short on coherent arguments or facts
Which of the many facts I stated was incorrect?
* A single activist judge overruled shareholders
* A high-achieving CEO was left with with zero compensation for a ten year period
* Musk's compensation was agreed by a majority of shareholders both before and after the judge annulled it.
* Musk has a conservative political worldview
* The judge that annulled Musk's compensation was Democrat-appointed
* A man's political worldview should have no bearing on the compensation owed to him by his employer
Which of the many facts I stated was incorrect?
* A single activist judge overruled shareholders
* A high-achieving CEO was left with with zero compensation for a ten year period
* Musk's compensation was agreed by a majority of shareholders both before and after the judge annulled it.
* Musk has a conservative political worldview
* The judge that annulled Musk's compensation was Democrat-appointed
* A man's political worldview should have no bearing on the compensation owed to him by his employer
> * A single activist judge overruled shareholders
false
> * A high-achieving CEO was left with with zero compensation for a ten year period
false
> * Musk's compensation was agreed by a majority of shareholders both before and after the judge annulled it.
not usefully true because the voters didn't have complete information and the board was captured.
> * Musk has a conservative political worldview
false, but I'll admit that many people would call it "conservative"
> * The judge that annulled Musk's compensation was Democrat-appointed
no idea. Irrelevant
> * A man's political worldview should have no bearing on the compensation owed to him by his employer
true. Irrelevant. Musk's political worldview had no bearing on the court case of which you seem to have heard of but not understand.
You appear to be reacting to a simulacrum of reality rather than what actually happened.
I suggest reading https://courts.delaware.gov/Opinions/Download.aspx?id=359340
false
> * A high-achieving CEO was left with with zero compensation for a ten year period
false
> * Musk's compensation was agreed by a majority of shareholders both before and after the judge annulled it.
not usefully true because the voters didn't have complete information and the board was captured.
> * Musk has a conservative political worldview
false, but I'll admit that many people would call it "conservative"
> * The judge that annulled Musk's compensation was Democrat-appointed
no idea. Irrelevant
> * A man's political worldview should have no bearing on the compensation owed to him by his employer
true. Irrelevant. Musk's political worldview had no bearing on the court case of which you seem to have heard of but not understand.
You appear to be reacting to a simulacrum of reality rather than what actually happened.
I suggest reading https://courts.delaware.gov/Opinions/Download.aspx?id=359340
Assuming you're arguing in good faith, then please help me understand your perspective.
1. If it wasn't a single judge (Kathaleen McCormick) that ruled on this case, please let me know which other judges contributed to the ruling
2. How much compensation did Elon Musk receive from Tesla during the ten-year period in question, if not zero?
3. Which information were the voters missing? Bear in mind that after the very high profile court case where McCormick claimed the board was corrupt, shareholders were able to consider her opinion, and they still rejected it, and voted for the pay deal again.
4. Musk was previously a Democrat voter, but I would suggest that in supporting small-state libertarian values (and, in fact, heading up the effort to shrink the state), supporting rightwing parties in Europe, and supporting Trump, he is probably a conservative in all the ways that matter.
5. It's not irrelevant that the activist judge was Democrat-appointed, unless you believe the false premise that as soon as someone becomes a judge, all their human nature and political loyalties are immediately and permanently supressed.
6. Musk's political worldview is very relevant here. As Biden showed throughout his term in office, he wanted to see a heavily partisan, heavily Republican Elon Musk disempowered and excluded. Biden made no secret of this, excluding Musk from offical events around electrification of transport (where Musk is the world industry leader), and those instances where Biden made the false claim that legacy automakers like GM were "leading" auto electrification. Biden made repeated threats to use government agencies to investigate Musk (i.e. lawfare) for spurious reasons. Other establishment Democrats undoubtedly felt the same way - they feared Musk and wanted him disempowered.
1. If it wasn't a single judge (Kathaleen McCormick) that ruled on this case, please let me know which other judges contributed to the ruling
2. How much compensation did Elon Musk receive from Tesla during the ten-year period in question, if not zero?
3. Which information were the voters missing? Bear in mind that after the very high profile court case where McCormick claimed the board was corrupt, shareholders were able to consider her opinion, and they still rejected it, and voted for the pay deal again.
4. Musk was previously a Democrat voter, but I would suggest that in supporting small-state libertarian values (and, in fact, heading up the effort to shrink the state), supporting rightwing parties in Europe, and supporting Trump, he is probably a conservative in all the ways that matter.
5. It's not irrelevant that the activist judge was Democrat-appointed, unless you believe the false premise that as soon as someone becomes a judge, all their human nature and political loyalties are immediately and permanently supressed.
6. Musk's political worldview is very relevant here. As Biden showed throughout his term in office, he wanted to see a heavily partisan, heavily Republican Elon Musk disempowered and excluded. Biden made no secret of this, excluding Musk from offical events around electrification of transport (where Musk is the world industry leader), and those instances where Biden made the false claim that legacy automakers like GM were "leading" auto electrification. Biden made repeated threats to use government agencies to investigate Musk (i.e. lawfare) for spurious reasons. Other establishment Democrats undoubtedly felt the same way - they feared Musk and wanted him disempowered.
1. You called the judge an "activist" which I don't agree with. Further if there were legitimate concerns about bias they could have requested that the judge recuse herself. It also ignores the, rightfully, failed appeals which were not ruled by McCormick
2. This is covered extensively in the document I linked
3. This is covered extensively in the document I linked
4. I regret commenting on musk's politics. I have no idea if he actually voted for democrats previously and if so he he actually ever supported small-state libertarian values. They aren't relevant to the case.
5. 6. I'm not commenting on conspiracy theories
2. This is covered extensively in the document I linked
3. This is covered extensively in the document I linked
4. I regret commenting on musk's politics. I have no idea if he actually voted for democrats previously and if so he he actually ever supported small-state libertarian values. They aren't relevant to the case.
5. 6. I'm not commenting on conspiracy theories
You may not like Musk's conservative political worldview, but this should have no bearing on the compensation owed to him by his employer, which was agreed by a majority of shareholders both before and after the Democrat-appointed activist judge annulled it.