Despite their corporate headquarters physically in the
Silicon Valley, many Californian companies incorporated in the state of
Delaware seeking better protections against hostile take over. For example,
SGI was incorporated in California in 1981, but it reincorporated in Delaware in 1990. This is mainly due to differences in Corporate Business laws in each state.
Similar business practice take place in other part of the world.
For example, many businesses in Hong Kong are registered in Bermuda for some reasons.
Perhaps Bermudian companies and their shareholder equities are allowed to vanish due to their proximity to the [Bermuda Triangle]?.