Meta's board was pushed to shield its founder from a California wealth tax
he told board members in September that if they couldn’t reach an agreement, he’d list his Palo Alto property for sale, potentially kicking off a media firestorm
September board discussions, per the New York Times
Where it comes from
Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of MetaWhat the article says
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
TechCrunch