SpaceX blasts off from Delaware courts. Other companies keep landing there.

Published March 7, 2024 8:00pm ET



Hal Weitzman is a professor at the University of Chicago Booth School of Business and editor-in-chief of the Chicago Booth Review. Before Weitzman came to academia, he was a journalist whose work formed the core of books and book chapters on Latin American prosperity, the development of financial derivatives, and most recently Delaware’s system of corporate governance. The state has about 1.6 million registered companies and just under 1 million residents, Weitzman reports.

What’s the Matter with Delaware? How the First State Has Favored the Rich, Powerful, and Criminal — and How It Costs Us All was credited by the local publication Delaware Call with encouraging an overdue debate. “[The book] shows why Delaware needs to have a public conversation now and regularly into the future about whether to reform aspects of its corporate franchise,” wrote Wilmington-based writer Karl Baker. “We might democratically decide not to. And, that’s OK. But with a public debate, at least we are clear eyed moving forward.”

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