Delaware
Elon Musk's Neuralink moves legal home to Nevada after Delaware judge invalidates his Tesla pay deal
Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk’s $55.8 billion pay package as CEO of Tesla.
Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company’s legal home as Nevada.
The move comes after Musk wrote on X, formerly Twitter, that shareholders of Austin-based Tesla would be asked to consider moving the company’s corporate registration to Texas.
“Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.”
Legal experts say most corporations set up legal shop in Delaware because laws there favor corporations. “Delaware built its preferred state of incorporation business by being friendly to company management, not shareholders,” said Erik Gordon, a business and law professor at the University of Michigan.
On Jan. 30, Delaware Chancellor Kathaleen St. Jude McCormick invalidated the pay package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” In her ruling, she called the package “the largest potential compensation opportunity ever observed in public markets by multiple orders of magnitude.”
McCormick’s ruling bumped Musk out of the top spot on the Forbes list of wealthiest people.
Musk, a co-founder of the privately held Neuralink, is listed as company president in Nevada documents. Messages were left Saturday seeking comment from Neuralink and Tesla.
McCormick determined that Tesla’s board lacked independence from Musk. His lawyers said the package needed to be rich to give Musk an incentive not to leave — a line of reasoning the judge shot down.
“Swept up by the rhetoric of ‘all upside,’ or perhaps starry eyed by Musk’s superstar appeal, the board never asked the $55.8 billion question: ‘Was the plan even necessary for Tesla to retain Musk and achieve its goals?’” McCormick wrote.
Musk’s fans argue that he shouldn’t be paid like other CEOs because he isn’t like other CEOs. He and Tesla are practically inseparable, so keeping him as CEO is key to the company’s growth. He built the company from an idea to the most valuable automaker in the world, last year selling more electric vehicles than any other company. His star power gets free publicity, so the company spends little on advertising. And he has forced the rest of the auto industry to accelerate plans for electric vehicles to counter Tesla’s phenomenal growth.
McCormick’s ruling came five years after shareholders filed a lawsuit accusing Musk and Tesla directors of breaching their duties and arguing that the pay package was a product of sham negotiations with directors who were not independent of him.
The defense countered that the pay plan was fairly negotiated by a compensation committee whose members were independent and had lofty performance milestones.
Musk wrote on X last month that the first human received an implant from Neuralink. The billionaire did not provide additional details about the patient.
Delaware
Indian River Power Plant to shut down two years ahead of schedule. Here are the details
Gov. John Carney marches in Wilmington Jaycees Christmas Parade
John Carney walked the streets of the city that elected him to be Mayor at the Wilmington Jaycees Christmas Parade
The only operational unit of Delaware’s sole coal-fired power plant will shut down in February, nearly two years ahead of schedule.
Indian River Unit 4 near Dagsboro originally was scheduled to shut down in 2026 while electrical grids were upgraded to ensure reliability, but regional grid manager PJM announced on Monday, Dec. 23, that the power plant’s unit can shut down 22 months early without causing adverse impacts on the grid’s reliability.
The company has stated that this early shutdown will save consumers nearly $100 million and will soon make Delaware the sixth state in the country with no coal-fired power plants in operation.
Here are the details.
Why is the plant shutting down?
The Indian River station, located near Dagsboro, is Delaware’s only remaining coal-fired power plant and one of the state’s top air polluters. It consists of four units, three of which have been retired for at least 11 years.
PJM announced on Monday, Dec. 23, that the Indian River Unit 4, which is owned by NRG, could retire by February 2025, two years ahead of its scheduled deactivation date.
Delmarva Power, which owns the transmission lines in the region, has reportedly completed the required transmission upgrades that would enable the power plant to shut down without negatively impacting electrical reliability. PJM says this shutdown will save wholesale electricity customers around $93 million.
As of Wednesday, Dec. 18, Delmarva Power completed its final stage of transmission upgrades that would allow the power plant unit to shut down.
“Delmarva’s good work to complete this project far ahead of schedule is a win for our customers, both from a reliability and affordability perspective,” said Mike Bryson, senior vice president – operations at PJM. “PJM regards RMR arrangements as a last resort to keep units temporarily operational to maintain system reliability while we make transmission improvements to balance the system, so the sooner we can get the work done, the better.”
In June of 2021, NRG notified PJM of its intent to shut down the unit in 2022, but after PJM conducted a reliability analysis, it was concluded that this shutdown date would cause adverse impacts on electric customers, and the unit’s life was extended until December 2026 to give Delmarva Power time to upgrade the electric grid.
At the time of the announced extension, customers were expected to bear the brunt of the cost, with an estimated average monthly bill increase of around $6.45.
Indian River power plant’s dirty history
The Indian River plant has been a subject of environmental and public health scrutiny for decades.
In August of 2007, the Delaware Division of Public Health confirmed the presence of a “cancer cluster” in the area immediately surrounding the Indian River Power Plant, with a cancer rate 17% higher than the national average at the time.
The 2007 toxic release inventory, released in 2009, listed the Indian River Power Plant as the top emitter of toxic releases, with 88% of the emissions being acid gasses known to have harmful effects on human health and safety.
In March of 2009, the grassroots environmentalist organization Citizens for Clean Power sued the Indian River Power Plant for committing over 6,000 violations of state and federal air pollution regulations.
However, in 2011, the Delaware Cancer Consortium, the Department of Health and Social Services and the Department of Natural Resources and Environmental Control commissioned a study on the potential link between toxin exposure in nearby residents. It concluded that the power plant was not responsible for the impact on people’s health.
In 2019, the Environmental Integrity Project confirmed that the Indian River Power Plant was contaminating groundwater with unsafe levels of toxic pollutants found in coal ash including arsenic, lithium and mercury among others.
In 2023, the EPA acknowledged that coal ash is more dangerous than previously believed, due to levels of arsenic and radiation that pose cancer risks, while also noting widespread noncompliance with federal safeguards.
EarthJustice calculated in May 202, that the power plant contains nearly 1.5 million cubic yards of coal ash and toxic waste, which has contaminated the area’s groundwater.
More recently, the site adjacent to the Indian River plant has been targeted as a potential area for offshore wind cables to connect on-shore. This permit was rejected by Sussex County Council this month.
Molly McVety covers community and environmental issues around Delaware. Contact her at mmcvety@delawareonline.com. Follow her on Twitter @mollymcvety.
Delaware
Delaware Lottery Mega Millions, Play 3 Day winning numbers for Dec. 27, 2024
Claiming lottery in Delaware
18 states have laws that allow national lottery prize jackpot winners to remain anonymous, but is Delaware among them?
The Delaware Lottery offers several draw games for those aiming to win big. Here’s a look at Friday, Dec. 27, 2024 results for each game:
Winning Mega Millions numbers from Dec. 27 drawing
03-07-37-49-55, Mega Ball: 06, Megaplier: 3
Check Mega Millions payouts and previous drawings here.
Winning Play 3 numbers from Dec. 27 drawing
Day: 6-7-7
Night: 2-4-7
Check Play 3 payouts and previous drawings here.
Winning Play 4 numbers from Dec. 27 drawing
Day: 2-3-0-0
Night: 8-5-7-7
Check Play 4 payouts and previous drawings here.
Winning Multi-Win Lotto numbers from Dec. 27 drawing
07-11-15-19-22-28
Check Multi-Win Lotto payouts and previous drawings here.
Winning Lucky For Life numbers from Dec. 27 drawing
15-21-24-32-43, Lucky Ball: 11
Check Lucky For Life payouts and previous drawings here.
Winning Play 5 numbers from Dec. 27 drawing
Day: 0-0-7-8-0
Night: 7-5-0-7-4
Check Play 5 payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Are you a winner? Here’s how to claim your lottery prize
- Sign the Ticket: Establish legal ownership by signing the back of your ticket with an ink pen.
- Prizes up to $599: Claim at any Delaware Lottery Retailer, in person at the Delaware Lottery Office, or mail your signed ticket and claim form; print your name/address on the ticket’s back and keep a copy/photo for records. By mail, send original tickets and documentation to: Delaware Lottery, 1575 McKee Road, Suite 102, Dover, DE 19904.
- Prizes up to $2,500: Claim in person at Delaware Lottery Retailer Claim Centers throughout Kent, Sussex and New Castle Counties.
- Prizes of $5,001 or more: Claim in person at the Delaware Lottery Office (business days 8 a.m. to 4 p.m.) with a photo ID and Social Security card.
- For all prize claims, directions to the Delaware Lottery Office are available online or via mapquest.com for a map.
Check previous winning numbers and payouts at Delaware Lottery.
Can I claim a jackpot prize anonymously in Delaware?
Fortunately for First State residents, the Delaware Lottery allows winners remain anonymous. Unlike many other states that require a prize be over a certain jackpot, Delawareans can remain anonymous no matter how much, or how little, they win.
How long do I have to claim my prize in Delaware?
Tickets are valid for up to one year past the drawing date for drawing game prizes or within one year of the announced end of sales for Instant Games, according to delottery.com.
When are the Delaware Lottery drawings held?
- Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
- Mega Millions: 11:00 p.m. on Tuesday and Friday.
- Play 3, 4: Daily at 1:58 p.m. and 7:57 p.m., except Sunday afternoon.
- Multi-Win Lotto: 7:57 p.m. Monday, Wednesday, and Friday.
- Lucky for Life: Daily at 10:38 p.m.
- Lotto America: 11:00 p.m. Monday, Wednesday, and Saturday
Missed a draw? Peek at the past week’s winning numbers.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Delaware Online digital operations manager. You can send feedback using this form.
Delaware
Eagles great DeSean Jackson explains why he is taking over as Delaware State head coach
Eagles Saquon Barkley, Kenny Pickett: It’s hard replacing Jalen Hurts
Eagles RB Saquon Barkley and backup QB Kenny Pickett on what it was like without Jalen Hurts
Former Eagles star wide receiver DeSean Jackson is taking on a new challenge as Delaware State’s head football coach, the school announced Friday.
Jackson, who is 38, spent 15 seasons in the NFL. That included two stints with the Eagles from 2008-13 and 2019-20. Jackson was named to the Pro Bowl three times and is third in Eagles history with 6,512 receiving yards.
But Jackson was unceremoniously released by former Eagles head coach Chip Kelly in the spring of 2014, coming off Jackson’s best season in the NFL when he had 82 receptions for 1,332 yards. He was signed right away by Washington, and spent the next three seasons there. Jackson had some of his best games against the Eagles during that time.
Jackson is taking over for Lee Hull, who was fired after compiling a 2-21 record, 0-10 in the MEAC in his two seasons. Jackson, who finished his NFL playing career with the Baltimore Ravens in 2022, spent this past season as wide receivers coach and punt return specialist for Woodrow Wilson High School in Long Beach, California.
But Jackson said in a statement released by Delaware State that he wanted to get into coaching at an HBCU.
“HBCUs have much to be proud of in creating a more representative America,” Jackson said. “But that story is not simply a historical one. It continues to be written and includes the elevation of HBCU scholars and scholar athletes in every field of human endeavor.
“The opportunity for me to help write another chapter here at DSU is a once-in-a-lifetime moment consistent with my journey as a young boy finding his way to manhood through mentorship, accountability, achievement, and discipline. If we build that kind of culture at Delaware State University, we will attract the right talent and radically change the trajectory of this program.
“I cannot wait to get started.”
Jackson joins a recent surge in former NFL stars beginning their coaching careers at HBCUs. That includes Jackson’s former quarterback with the Eagles in Michael Vick, who earlier this month became the head coach at fellow MEAC school Norfolk State.
For DSU, Jackson’s hire should excite a recruiting base in the Philadelphia-Delaware-Baltimore corridor while bringing a prominent name and attention to a Hornets program that has had just one winning season since a 10-2 record in 2007.
“DeSean Jackson is a perfect fit for our institution − incredibly competitive, optimistic about the prospects for our collective future, and focused on the fundamentals of the institution: students first,” new DSU athletic director Tony Tucker said in a statement.
Jackson continues to hold the record for most 60-plus and 80-plus yard catches in NFL history. In addition to the Eagles, Ravens and Washington, Jackson also played for the Los Angeles Rams, the Las Vegas Raiders, and the Tampa Bay Buccaneers.
Jackson is originally from the Los Angeles area, and he got a ringing endorsement from his uncle, who happens to be Delaware State star receiver John Taylor, who teamed with Jerry Rice and Joe Montana on the San Francisco 49ers Super Bowl dynasty in the 1980s.
“Having played football for many different coaches throughout my career, each one has added a unique dynamic to my game. I’m excited to see the new direction Coach Jackson will take the team. His vision and leadership are sure to bring fresh energy and opportunities for growth,” Taylor said in a statement.
Jackson also got an endorsement from former Eagles coach Andy Reid, who drafted Jackson in the second round of 2008 out of Cal-Berkeley.
“DeSean is like a son to me − a fierce competitor on the field, without rival, and a quality leader off of it,” said Reid, now the Kansas City Chiefs’ coach. “I could not be more supportive of his desire to coach Division I football and would stake my career on his success at Delaware State University.
“We are bound at the hip and are forever family. I cannot wait to see where he takes the university and where the university takes him. This is a win-win for everyone, particularly the young men that get to learn from him and the incredible staff he will assemble − many football aficionados who have been with him since the very beginning.”
Contact Martin Frank at mfrank@delawareonline.com. Follow on X @MFranknfl.
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