CEOs Are Moving Their Companies to Nevada – Here’s Why
Nevada is the new hotspot for business and growth, and CEOs are moving their compaines here. That’s good news for the state in the years going forward.
Elon Musk famously moved Twitter’s corporate headquarters from Delaware to Nevada, and now, more are following. So, what’s the reason for the move?
“In Nevada, it’s a high bar for liability — directors and executives will only be liable for ‘intentional misconduct, fraud, or a knowing violation of law,'” Benjamin Edwards, law professor at the University of Nevada, Las Vegas told On The Money (via the New York Post). “That insulates company leadership from a lot of claims.”
Of course, having the bar set very high for liability is a plus for companies. It saves them in time, legal costs and everything else that goes along with litigation. It’s definitely a plus for companies looking to relocate to Nevada. According to Columbia Law professor and securities expert John Coffee, it’s a planned thing, too. “There is little doubt that Nevada has been seeking to make itself the most lenient jurisdiction for corporations that incorporate there by reducing the ability of shareholders to sue its managers and directors,” Coffee told On The Money (again, via the New York Post). Coffee added, “Delaware and other jurisdictions provide for broader liability.”
I personally think Las Vegas is a big draw, too, with its countless entertainment options and vivid nightlife. Find more on this trend of CEOs moving their companies to Nevada here.
Nevada: Here Are the 10 Highest-Paying Jobs in the State
10. Nuclear engineer
According to Indeed, the average salary for this job is $195,123 per year.
So, what does this job entail? Indeed states, “A nuclear engineer is an engineer who specializes in developing processes and equipment used to create energy from radiation and nuclear power sources.”
Nuclear engineer
9. Neurologist
According to Indeed, the average salary for this job is $197,648 per year.
So, what does this job entail? Indeed states, “A neurologist is a physician who specializes in treating conditions of the nervous system, which includes the brain and spinal cord.”
Neurologist
8. Optometrist
According to Indeed, the average salary for this job is $203,467 per year.
So, what does this job entail? Indeed states, “An optometrist is a vision care professional who specializes in providing preventive and corrective treatments for their patients’ vision concerns.”
Optometrist (Photo by Keystone/Getty Images)
7. Chief medical officer
According to Indeed, the average salary for this job is $207,373 per year.
So, what does this job entail? Indeed states, “A chief medical officer (CMO) is an executive-level professional who manages the operations of a health care organization.”
Chief medical officer (Photo by Win McNamee/Getty Images)
6. Periodontist
According to Indeed, the average salary for this job is $217,672 per year.
So, what does this job entail? Indeed states, “A periodontist is a dentist who specializes in treating patients who have gum disease.”
Periodontist
5. Cardiologist
According to Indeed, the average salary for this job is $240,946 per year.
So, what does this job entail? Indeed states, “A cardiologist is a physician who specializes in the treatment of heart and vascular conditions.”
Cardiologist
4. Dentist
According to Indeed, the average salary for this job is $245,734 per year.
So, what does this job entail? Indeed states, “A dentist is a physician who specializes in treating oral health concerns. They provide patients with preventive care treatments and home care instructions to help them keep their teeth and gums healthy.”
Dentist
3. Family medicine physician
According to Indeed, the average salary for this job is $249,097 per year.
So, what does this job entail? Indeed states, “A family medicine physician is a doctor who provides medical care to patients from all ages, from birth through adulthood.”
Family medicine physician
2. Orthopedist
According to Indeed, the average salary for this job is $261,889 per year
So, what does this job entail? Indeed states, “An orthopedist is a doctor who specializes in treating injuries and conditions of the musculoskeletal systems.”
Orthopedist
1. Orthodontist
According to Indeed, the average salary for this job is $265,207 per year.
So, what does this job entail? Indeed states, “An orthodontist is a dentist who specializes in diagnosing and correcting the position of their patients’ teeth and jaws.”
