OPINION
Coinbase President and Chief Operating Officer Says “Activist Judge” Drove Company Out of Delaware
Dear Friends,
Companies have been leaving Delaware and your Coastal Network is tracking companies leaving Delaware, and we have a bold statement from Emilie Choi, President and Chief Operating Officer of Coinbase: “We frankly didn’t want to be in a place where rules could be subverted by an activist judge, when shareholders had voted for something else.”
She’s talking about Chancery Court Chancellor Kathaleen McCormick as the “activist judge.” She’s also talking
about the Tesla and Elon Musk ruling, which we’ve covered quite a bit here on your Coastal Network. At the same time, she’s taking aim at the Delaware judicial system, holding them accountable as to why companies are leaving Delaware in droves.
Please click on the X link from the Leave Delaware account below for more. And please share your feedback on this, which is always welcome and appreciated.
Respectfully Yours,
JUDSON Bennett–Coastal Network
Here’s the link to the tweet on X:
https://x.com/LeaveDelaware/status/2018315969249329528
Judson Bennett
Author
Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.
He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.
Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.
He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.
