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Two-Thirds of the Fortune 500 Are Legally Delaware Companies. Almost None of Them Are Actually There.
Two-thirds of the Fortune 500 are legally incorporated in Delaware without being headquartered there -- a legal address worth nearly a third of the state's entire budget in franchise taxes. What actually built Delaware's physical economy was DuPont, an 1802 gunpowder mill that once employed 10% of the state's population.
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Where this connects
IBM Anchored Research Triangle Park for 60 Years. It's Packing Up the Same Year the Region Pulled In $10.8 Billion.
Research Triangle Park opened in 1959 as a deliberate state bet on three nearby universities. IBM anchored it for sixty years as its larg...
Ken Griffin Moved a $67 Billion Hedge Fund From Chicago to Miami in 2022. He's Betting Miami Becomes the World's Financial Capital.
Ken Griffin moved Citadel, his $67 billion hedge fund, from Chicago to Miami in 2022 -- then paid $363 million for a Brickell waterfront ...
A Plymouth, Minnesota Video Game Studio Built a War Game So Controversial Its Publisher Walked Away. It Still Shipped — 14 Years Later.
Destineer, a video game studio founded in a Twin Cities suburb in 2001, grew into a Global Top 25 publisher -- and its military-simulatio...
IBM Just Showed Off a Chip That Runs Two Instruction Sets at Once. The Company Is 115 Years Old. Most Companies That Old Are Dead.
IBM's new dual-ISA mainframe chip is the same trick it's pulled for 115 years. Sears is the same age and it's dead. The difference isn't ...
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