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Behind the Scenes, Meta’s Board Is Battling With Mark Zuckerberg Over His Out-of-Control AI Spending: The directors have had enough. (futurism.com)
submitted 2 days ago by to c/technology@lemmy.world
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[–] 16 points 1 day ago (2 children)

he also got the company to pay for his billionaire tax if it passes

He's got to be costing more then he's worth, and at this point he probably has a smaller minority of stock so idk why they keep him around

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  • [–] 7 points 1 day ago

    A.) Meta's issuing new shares for this, so it's shareholders, not the company, that are going to pay his tax bill.

    B.) The deal is issuing non-voting shares so he still holds the majority of shares that matter after this.

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