Behind Musk and Zuckerberg’s decade-long efforts to repel investor lawsuits

In an effort to stave off investor lawsuits, Elon Musk and Mark Zuckerberg have made strategic moves to modify corporate governance structures. Musk's proposed SpaceX-Tesla merger and Zuckerberg's introduction of a new share class in Meta aim to shield their companies from legal challenges by diminishing shareholder rights in Delaware and Texas. These maneuvers are significant as they highlight a broader trend among tech giants to prioritize corporate control over shareholder democracy, raising important questions about corporate governance and investor rights. For more details, check out the full article on the Financial Times website.