> Under the deal, Zuckerberg will get non-voting shares he can sell to potentially foot a multi-billion-dollar tax bill in the event the proposal is approved, in exchange for a commitment to remain a resident of California, or wherever Meta maintains its headquarters, for eight years.
It allows him to liquidate part of META to pay off the state and retain his current 60%+ of voting shares.
[delayed]
> said shareholders holding a majority of the company’s voting power have approved amendments
…doesn’t this mean Zuckerberg himself?
can someone please explain how meta is paying the tax for him?
TFA states:
> Under the deal, Zuckerberg will get non-voting shares he can sell to potentially foot a multi-billion-dollar tax bill in the event the proposal is approved, in exchange for a commitment to remain a resident of California, or wherever Meta maintains its headquarters, for eight years.
It allows him to liquidate part of META to pay off the state and retain his current 60%+ of voting shares.