TechFortuneabout 3 hours ago
Meta Board Agrees to New Non-Voting Shares
5 min read
Meta's board approved a new non-voting Class C share class to preserve Mark Zuckerberg's voting control if California's Proposition 40 wealth tax passes on Nov. 3. The deal allows him to sell 20% of his new shares to pay potential multi-billion dollar taxes without losing his 61% voting majority, ensuring he remains CEO for eight years absent unforeseen circumstances.
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