Back to today’s briefing

Story perspectives

Bill Ackman Moves Pershing Square to Nevada for Benefits

2/2/2025

26 6

Summary

Story summary

Bill Ackman revealed that Pershing Square Capital Management will move its incorporation to Nevada, following firms like Tesla and SpaceX.
He referenced advice from leading law firms that prefer Nevada and Texas over Delaware.
This shift highlights increasing worries about Delaware's corporate governance and recent judicial decisions.
Businesses are pursuing locations with more advantageous regulations and lower legal risks.

1 of 1

Story summary

Bill Ackman revealed that Pershing Square Capital Management will move its incorporation to Nevada, following firms like Tesla and SpaceX.
He referenced advice from leading law firms that prefer Nevada and Texas over Delaware.
This shift highlights increasing worries about Delaware's corporate governance and recent judicial decisions.
Businesses are pursuing locations with more advantageous regulations and lower legal risks.