Meta strikes deal to keep Zuckerberg in California after wealth tax concerns

Contributing sentiments towards policy:

52% : Under the deal, Zuckerberg will receive non-voting shares that he can sell to potentially cover a multi-billion-dollar tax bill if the proposal is approved, in exchange for a commitment to remain a resident of California, or wherever Meta maintains its headquarters, for eight years, Meta said on Wednesday.
52% : Zuckerberg, whose net worth is about US$240 billion, can immediately sell 20 per cent of the Class C shares he receives, representing 10 per cent of his overall economic stake in the company, allowing him to pay a potential tax bill without losing voting control.
46% : Zuckerberg, the world's sixth-richest person, according to Forbes, told Meta he was considering moving his primary residence outside California because Proposition 40, a ballot measure dubbed the "California wealth tax", could expose him to a massive tax liability, potentially forcing him to sell voting shares to pay it.
45% : MEXICO CITY: Meta Platforms has struck a deal with Mark Zuckerberg to keep him living in California after the chief executive warned he was considering leaving the state, which houses the company's headquarters, if voters approve a wealth tax proposal next month.

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