The CEO effectively gave the board an ultimatum. The company quickly remade its stock structure to protect him from California’s planned wealth 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.
Gift articles to anyone you choose each month when you subscribe.
This story is currently in the Upcoming News queue because it received more dislikes than likes. Vote thumbs up to help promote it back to the Published homepage!
Browse Upcoming Feed