Zuckerberg agrees to stay in California for eight years amid billionaires' tax measure
AIMark Zuckerberg has agreed to keep living in California for eight years, potentially exposing himself to billions in one-time taxes if voters approve Proposition 40, according to a Meta regulatory filing released Wednesday. Under a "Founder Alignment Agreement," he can sell 20 percent of new nonvoting shares to pay any taxes he owes, with the remaining 80 percent sold over eight years only while he remains in California.
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Wired · AI · Paresh Dave · wired.comPublished · added here
Original title: Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure