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- Hacker News
- But they aren't "shielding" him really. They are just making it possible for him to pay the tax by selling shares in the company without giving up voting shares...
I mean maybe that is "shielding" but it's not like they are getting him out of paying the tax if it passes
- Alternative headline: "Man asks for raise because his taxes went up"
FWIW I think this is better than avoiding the tax.
by triceratops - I understand it's a move to keep his voting shares but... Why would the board care if the Zuck was to sell his big house in California? What was the threat to Meta/the board?
- by JKCalhoun
- We don't have to post hyperbole or speculation (there's social media for that.) This is a public company, we can read public documents such as...
https://www.sec.gov/Archives/edgar/data/1326801/000162828026...
NOTE: Look for "Founder Alignment Agreement" in the above doc as an example if you're doing a quick scan.
https://www.sec.gov/Archives/edgar/data/1326801/000162828026...
https://investor.atmeta.com/investor-news/press-release-deta...
by gexla - Comments:
Guardian: Meta strikes deal with Zuckerberg to protect him from California wealth tax (39 points, 2 days ago, 33 comments) https://news.ycombinator.com/item?id=50193581
Wired: Mark Zuckerberg Agrees to Stay in California Despite Billionaires' Tax Measure (5 points, 2 days ago, 3 comments) https://news.ycombinator.com/item?id=50188801
Telegraph: Meta strikes deal to protect Zuckerberg from California billionaire tax (9 points, 2 days ago) https://news.ycombinator.com/item?id=50191129
WSJ: Mark Zuckerberg Threatened to Leave California. Meta’s Board Cut Him a Deal (4 points, 2 days ago) https://news.ycombinator.com/item?id=50193052 (30 points, 1 day ago, 40 comments) https://news.ycombinator.com/item?id=50199284
by gnabgib - Public companies shouldn’t be allowed to have super majority shareholders that rule like a king.by digitaltrees
- Not a big fan since we now only get 2 links a month,
But it would have been easier to relocate to the border in Tahoe than fill out mountains of paperwork; he lives on an estate in a Maui bunker anyway, not spoilt for housing options...
Not very good with building technology; he lost 80 billion on a nonexistent metaverse fail. Is that now a tax loss?
by minimaxa