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Meta's Board Convinced Zuckerberg to Stay in California Despite its Wealth Tax. Here's What he Was Offered.

Meta
International Business Times Fews App News Provider
Fews App Post Time Hace 14h

Zuckerberg told the company he was "evaluating relocating his primary residence outside California," if billionaire wealth tax legislation is passed in California. Kevin Dietsch/Getty Images Mark Zuckerberg warned Meta that California's proposed billionaire wealth tax could push him out of the state. The company's board responded with a stock restructuring that would help its chief executive pay a potential multibillion-dollar tax bill while preserving his voting control.

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