Until recently, Delaware was almost universally agreed to be the best place for companies to incorporate. Now, with Elon Musk leading a corporate stampede out of the First State, we revisit an episode from 2023 that asked if Delaware’s “franchise” is wildly corrupt, wildly efficient … or both? <ul><li>SOURCES:<ul><li><a href="https://www.johncassara.com/index.html">John Cassara</a>, retired Special Agent detailee to the U.S. Department of Treasury’s Office of Terrorism Finance and Financial Intelligence.</li><li><a href="https://www.rlf.com/lawyers/doneene-keemer-damon/">Doneene Damon</a>, director with Richards, Layton, and Finger.</li><li><a href="https://courts.delaware.gov/chancery/judges.aspx">Travis Laster</a>, Vice Chancellor of the Delaware Court of Chancery.</li><li><a href="https://liberalarts.utexas.edu/government/faculty/dn5373">Dan Nielson</a>, professor of government at the University of Texas.</li><li><a href="https://www.chicagobooth.edu/faculty/directory/w/hal-weitzman">Hal Weitzman</a>, professor of behavioral science, editor-in-chief of Chicago Booth Review, and executive director for intellectual capital at the University of Chicago's Booth School of Business.</li></ul></li></ul> <ul><li>RESOURCES:<ul><li>“<a href="https://www.nytimes.com/2025/07/10/business/dealbook/andreessen-horowitz-delaware.html">A Silicon Valley Giant Calls for a Delaware Exodus</a>,” by Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, and Danielle Kaye (New York Times, 2025).</li><li>"<a href="https://fsi.taxjustice.net/">Financial Secrecy Index</a>," by Tax Justice Network (2025).</li><li>"<a href="https://corp.delaware.gov/stats/">Annual Report Statistics</a>," by Delaware Division of Corporations (2023).</li><li><a href="https://amzn.to/3GDO8iv">What’s the Matter with Delaware? How the First State Has Favored the Rich, Powerful, and Criminal — and How It Costs Us All</a>, by Hal Weitzman (2022).</li><li><a href="https://amzn.to/43v5GXS">Global Shell Games: Experiments in Transnational Relations, Crime, and Terrorism</a>, by Michael G. Findley, Daniel L. Nielson, and J. C. Sharman (2014).</li><li>"<a href="https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Fatf-recommendations.html">The FATF Recommendations</a>," by the Financial Action Task Force (2012).</li></ul></li></ul> <ul><li>EXTRAS:<ul><li>"<a href="https://freakonomics.com/podcast/will-the-democrats-make-america-great-again/">Will the Democrats 'Make America Great Again'?</a>" by Freakonomics Radio (2023).</li></ul></li></ul>

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