Delaware Business Law

Using the Corporations Materials, please answer the following questions:

1) Why and/or how is Delaware pivotal in the development of the business law of corporations? See "The Tiny State Whose Laws Affect Workers Everywhere".

Delaware is pivotal in the development of the business law of corporations because many US firms are incorporated in Delaware State, therefore these said firms are governed by Delaware State business law. According to the article (The Tiny State Whose Laws Affect Workers Everywhere), there are 2/3 of Fortune 500 companies incorporated in Delaware. A simple computation gives us almost 334 firms in the USA that are governed by Delaware business laws. The main reason underlined by the article for this preference for Delaware State, by many US firms, is that Delaware State legal environment is more friendly to this firms, in comparison to other US states. This friendly environment (business law) is demonstrated by the continuous existence of the State Court of Chancery, where business cases are heard without a jury. And the State Court of

While Busch III did a great job for the development of the company, Busch IV, however did not demonstrate the same management skill like his father. This lack of skill of the son was perceptible from the beginning, though, the company top management or the family insisted to place a Busch family member at the top position. A fatal error. Another lesson is that the company management understood at the right moment that it was time to sell the company to save it. Thus, the merger of the company with Inbev Company was a good decision. The last lesson we could draw from this article is the genius of the Busch family members that pull to the top level this little family business and transform it to a huge national company that raised capital from the public