By: Connor Charney Delaware Senate Bill 21 (“the Bill”) amends sections 144 and 220 of the Delaware General Corporation Law (“DGCL”).[1] The Bill responds to the perceived flight of large American corporations after Tesla reincorporated outside of Delaware.[2] Elon Musk’s move to reincorporate follows a decision by the Delaware Chancery Court to reject a compensation…

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By Arthur Yolles When Sam Altman founded OpenAI as a nonprofit in 2015, its mission statement was to “[build] safe and beneficial artificial general intelligence for the benefit of humanity.”[1] This lofty endeavor attracted large-scale investors — namely Elon Musk.[2] Seeking to raise further capital, OpenAI switched to a “capped-profit” model in 2019 and, in…

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