Mark Zuckerberg considered leaving California over the billionaire tax
Source: Business Insider ·
Meta CEO Mark Zuckerberg considered leaving California. He's staying on after Meta offered him a new class of shares.
From the source
Meta CEO Mark Zuckerberg.Finn Gomez/Getty ImagesMeta CEO Mark Zuckerberg considered moving out of California because of a proposed billionaire tax.Zuckerberg would get $20 billion in "immediate liquidity" if the billionaire tax passes.Meta made the offer to Zuckerberg to help keep him in California after he considered leaving.Meta CEO Mark Zuckerberg considered moving out of California because of its proposed billionaire tax, Meta disclosed in a new SEC filing on Wednesday.Next month, Californians will vote on Proposition 40, a one-time tax on the assets of the state's billionaires.The filing said that Zuckerberg told a special committee formed by Meta that he was considering moving.In response, the committee concluded that it was "critically important" for Zuckerberg to keep running Meta close to its Silicon Valley headquarters — particularly to its AI division, Meta Superintelligence Labs.It's one of several reasons the company is granting the Meta CEO a new stock class, the other…