Delaware, long a top choice for corporate incorporation, is seeing companies leave in a trend called “Dexit.” Businesses are frustrated with recent court rulings, including the rejection of Elon Musk’s Tesla pay package. Nevada and Texas are attracting firms with more business-friendly laws. Delaware, which relies on incorporation fees for revenue, is trying to address concerns, but moving states isn’t always easy. If more major companies leave, Delaware may have to make big changes to stay competitive.
