Skip to content- BusinessMeta 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