Tagged: california residency

6h agoBusinessMeta CEO Mark Zuckerberg to Receive New Shares in Exchange for California Residency CommitmentAccording to the South China Morning Post, Meta Platforms CEO Mark Zuckerberg is set to receive a new allocation of shares in the company he founded, contingent upon his commitment to reside in California for a minimum of eight additional years. This arrangement is partly intended to mitigate the potential tax implications for the CEO's company voting power before a ballot in November regarding a temporary wealth tax on billionaires residing in the state.1 min