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How Zuckerberg convinced Meta to shield him from new billionaire tax

The Australian Financial Review (AFR) •
October 22, 2026 • 05:00 AM
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The CEO effectively gave the board an ultimatum. The company quickly remade its stock structure to protect him from California’s planned wealth tax.

How Zuckerberg convinced Meta to shield him from new billionaire tax

San Francisco | Mark Zuckerberg was running out of time.

A landmark tax on billionaires was looming on the ballot in his home state of California, and he needed the board of directors at Meta, his tech company, to take steps to protect him from it.

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