Today more than 10,000 international companies and partnerships are registered in Bermuda including subsidiary operations of more than three quarters of the top 100 largest companies in the United States.

Recent reincorporations or proposed reincorporations to Bermuda that have drawn fire from shareholders, Government officials and the media include:

Foster Wheeler

Engineering and energy equipment company.

Shareholders voted to reincorporate in Bermuda in April 2001.

Ingersoll-Rand

Global manufacturer.

Received final approval on December 31 to move its incorporation from New Jersey to Bermuda.

Estimated tax savings: $40 million

Stanley Works

Tool maker.

Shareholders approved reincorporation in Bermuda on May 9. Vote subject to investigation.

Estimated tax savings: $30 million

Cooper industries

Global manufacturer of electrical products, tools and hardware.

Shareholders voted to reincorporate in Bermuda on May 14

Leucadia National

Currently headquarters in Park Avenue South, New York.

Financial services holding company engaged in banking, lending, and insurance.

Shareholders voted to reincorporate in Bermuda on May 14

Nabors

Global industrial company and the world's largest operator of land-based oil drilling rigs.

Headquartered in Delaware

Shareholders will vote on June 14 on reincorporation in Bermuda.