Texas is America Inc's new centre of gravity

Texas is where companies go to die.

This is only going to help with turning that state blue.

> State officials are eager to supplant Delaware as America’s corporate-law hub. In 2024 they established the Texas Business Court, presided over by expert judges capable of handling even the most complex disputes. Last year the state also introduced a measure to allow firms to prevent shareholders with a stake of less than 3% from suing them, and another to let only large shareholders put forward proxy proposals.

Interesting, hadn’t heard. I can’t wait to see where this goes.

Working with regulators is a terrible experience. I hope they can fix this as well.

Additionally, Apollo (the world's second largest PE firm after Blackstone) has just selected Austin as it's second HQ [0] as it is looking to shift the bulk of it's hiring and headcount outside of NYC [1].

This is a huge deal, just like how Wachovia-Wells Fargo merger helped build NC's PE industry and Citadel's new HQ in Miami helps put Florida on the map for high finance.

[0] - https://www.ft.com/content/036a838f-8209-4df7-8cbc-bb069e4e7...

[1] - https://www.ft.com/content/efeca6be-c9b5-4912-b66b-15716cc91...