The Tiny State Whose Laws Affect Workers Everywhere

Route Fifty: WILMINGTON, Del. — Delaware is the center of the business universe. More than half of the publicly traded companies on U.S. stock exchanges are incorporated in Delaware. Two-thirds of Fortune 500 companies—including Coca-Cola, Apple, and American Airlines—are incorporated there. Many list the same building, 1209 North Orange Street, as their address. Their workforces, headquarters, and operations—truly the corporations themselves in anything but a legal sense—are elsewhere.

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