But alas, after further reading, I returned to my normal state of cynicism when learning of new deca-million dollar bonuses paid to corporate managers.

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ImClone and Bristol-Myers are incorporated in Delaware, as are thousands of other companies, because the state has low taxes and a court system that is perceived as being more favorable to corporate managers than other states.

FORBES: BristolClone? Watch Wilmington.

ImClone (nasdaq: IMCL - news - people ) and Bristol-Myers (nyse: BMY - news - people ) are incorporated in Delaware, as are thousands of other companies, because the state has low taxes and a court system that is perceived as being more favorable to corporate managers than other states.

FORBES: BristolClone? Watch Wilmington.