Being one of the smallest and least populous states doesn’t stop Delaware from dwarfing the rest of America as a business hotspot. Two-thirds of Fortune 500 companies incorporate in the state, making them subject to local laws that require them to prioritize shareholder profit no matter where they do business. Journalist Alana Semuels explores how this “tiny” state of fewer than a million people has attracted corporations since the early 1900s, illuminating both history and controversy. getAbstract recommends this eye-opening article to business owners, employees, lawmakers and anyone interested in US corporate law.
About the Author
Alana Semuels is a staff writer for The Atlantic and former national correspondent at the Los Angeles Times.