Musk wanted to flee Delaware. This CEO wants to fix it

In today’s CEO Daily: Diane Brady on the unlikely CEO trying to reform the U.S.’s corporate capital.

The big leadership story: Blackstone’s COO-turned-‘accidental influencer’ 

The markets: Mixed globally after Trump extended the Iran ceasefire.

Plus: All the news and watercooler chat from Fortune.

Good morning. What’s next for Delaware, home to 1 million people and about 2.2 million businesses? Remember when Elon Musk told peers to flee America’s corporate capital, moving Tesla and SpaceX to Texas after a court tried to overturn his trillion-dollar pay package? Several companies heeded his call—TripAdvisor, Roblox, Dropbox, Affirm, Coinbase, Andreessen Horowitz, even Trump Media & Technology Group—sparking talk of “DExit.”

But Delaware is hard to quit. While states like Nevada, Texas, and Wyoming are becoming more popular places to incorporate, Delaware is still home to more than two-thirds of Fortune 500 companies and most recent IPOs. Its Supreme Court recently upheld Senate Bill 21, a 2025 overhaul dubbed the “billionaires’ bill” as it limits shareholder suits. And the spirit of Musk still looms large: his team recently accused a Delaware judge of bias over her “heart” on a LinkedIn post, so she used Scrabble tiles to reassign some cases to colleagues, one of whom ruled this month that Tesla could move three shareholder suits to Texas. Barring some appeals, Musk’s days in Delaware may finally be........

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