says Delaware is not a safe business environment https://www.newsmax.com/finance/streettalk/dillards-delaware-texas/2025/07/22/id/1219630/Dillard's Moving From Delaware to Texas, Citing Legal Concerns | Newsmax.com
Delaware literally has the most corporate friendly court in the USA, in the Chancery court, but increasingly tech companies arent happy with their fact-based rulings, and want basically a kangaroo court that will rubber stamp anything. More cases of killing the golden goose. Wont be "safe" for businesses until they can lie to their shareholders and endenture their workers it seems.
For example: Delaware Court of Chancery Invalidates Elon Musk’s $55.8 Billion Equity Compensation Package https://www.nytimes.com/2025/03/11/business/dealbook/delaware-company-law.html
No, I meant Peter Warrick and Laveranues Coles. Have we reached the point where the fan base no longer remembers the "Heistman", "Free Shoes University" and bringing Dillard's bags to games? Damn, I must be getting old. FSU's Peter Warrick Arrested
According to Wiki and other sites, Dillards' headquarters is in Little Rock. Dillard's - Wikipedia Dillard's, Inc. - Encyclopedia of Arkansas
It is. This is about their corporate registration. It means nothing except to people (mostly shareholders) who have to sue them.
Every Bank or credit card company has a PO Box address in delaware, regardless of where that business is physically located. I guess there was some loophole or shield laws that made DE the most advantageous to register. It isn’t just banks either, but something crazy like 50% of all corporations. I never understood why DE or any state would want that type arrangement. I always thought of it as corruption adjacent, like money laundering banks that set up in the Caymans or insurance companies that set up in the Bahamas. I guess they get to collect registration fees but I’d wonder how significant that is to their state budget?
I listened to a podcast where a state congress person in DE explained a lot about the system there (she was on because there was a bill reforming the courts to some degree to make things even friendlier to corporations seeking relief). I wish I could remember more about it haha. But today, they've kind of painted themselves into a corner in that it would be pretty bad for the state's finances if some other corporate haven popped up and all those banks and CC companies fled, but it also creates a lot of problems in the state as well existing basically as a stateside version of the Bahamas or something. The proximity to the Chancery Court is a big reason, as they can generally adjudicate equity disputes favorably in a court that specializes in those cases. Like the governor of the state is a former corporate lawyer from a white-shoe law firm. Those are the people on the courts and who run the state at the highest level. It was all running pretty smoothly for them until Silicon Valley became the dominant business model and you have more companies where value exists mostly in theory, and you have a strain of Musk-like CEOs who run companies like a cult of personality.
