'LOSER STATE': O'Leary blasts Delaware over Elon Musk ruling

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O'Leary Ventures Chairman Kevin O'Leary reacts to Elon Musk being forced to testify in the SEC's probe into his purchase of Twitter on 'The Big Money Show.' #foxbusiness #bigmoneyshow

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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80% of Tesla shareholder voted and approved Musk's 2018 compensation package. This was a vote that Musk and his brother were not permitted to vote on this proxy, otherwise it would have been over 95% shareholder approval. The Delaware Chancery Court overruling the will of shareholders is completely unprecedented.

Move Tesla out of Delaware immediately.

harrychu
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Who agrees that Weaponized justice system shows us clearly again how it targets political opponents

breakthrough
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Delaware is so screwed. This was literally the only thing they had going for them

DrBeauHightower
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If I were a shareholder of Tesla, I'd be looking to sue the state of Delaware for nullifying my vote.

craigentrekin
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Imagine working under contract for a company for 5 years and at the end of the contract a judge nullifies your contract. So, basically, you gave 5 years of your life and did not receive in return what you were promised. That is not right. Elon Musk is being targeted because of his politics. The left cannot have the richest person favoring conservative / Republican values so they are attacking him.

historypolitics
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Deleware is a loser state !!! Incorporate in other state !

kaiYWang
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So true about schools needing to have financial skin in the game.

kelsterkellog
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Texas should help Elon Musk out dealing with what's going on knowing that Elon Musk is being politically attacked this is a war against Republicans.

waynelingenfelter
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Yea. Delaware really screwed the pooch on this one. Unbelievable.

rastersplatter
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No surprise. Delaware is the home state of joe B and both he and elon seem to have issues with each other.

Leo-sizm
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YES! BRING YOUR BUSINESS TO TEXAS!! BRING SPACEX TOO!

texan-american
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Im middle class. We didnt do fancy vacations or expensive cars. Our kids got to drive our ten year old hand me down cars and were thrilled. Never bought steak unless it was on deep sale. BUT our kids graduated without college debt. That was the gift we gave our kids. They then got jobs and supported themselves in their ownplaces.

ruthrudnik
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Delaware is shooting itself in the foot.

alicemattsen
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This man makes so much sense. Would be great to see Kevin step up and fix Canada. Unfortunately, the most capable men rarely go for a political post...

franksuess
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My 55 earned college credits never got me anything in life.

bondjovi
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If your kids start out renting in this market they might end up being a renter their whole life.

shaneosmera
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FACTS!! TAX-PAYERS SHOULD NOT HAVE TO COVER FOR THE **FAILURES** WHO COULDNT PAY BACK THEIR STUDENT LOANS

MegaMijit
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Most Americans: Dele....where?? Never been there

Itravelbackintime
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Wise companies would take this as a warning and reregister in another state.

markscott
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Keyword 'unstable'.
Regarding businesses moving from Delaware, policy used to bend over backwards for business. Now they're starting to address in any actions by corporations.

rong