Democrats Expected to Pass a Bill (Drafted by Elon’s Lawyers) That Threatens Your Retirement Fund

Due to its highly lenient business laws, the state of Delaware has long been home to a majority of American corporations. However, that leniency is apparently not enough for the world’s richest man, whose lawyers have introduced legislation that would rewrite the state’s laws to boldly empower corporations that are already immensely powerful. Critics say the legislation would allow companies to misbehave on a massive scale and leave shareholders with few avenues of retaliation. Worst of all, it appears that the state’s Democrat-controlled legislature is eager to pass the bill. The legislation in question was drafted by Richards, Layton & Finger (RLF), a law firm that counts Musk as one of its clients. CNBC writes that the bill, should it pass, would “pave the way” for the reinstatement of Musk’s much-coveted $55 billion Tesla compensation package that the billionaire has been preoccupied with for the past several years. Musk’s huge payout has been the subject of a judicial battle tha ... Read full article.