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

Source: International Business Times

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.