Crime & Justice · 4 views
Investors sue Mark Zuckerberg over stock scheme to avoid California billionaire tax
Stockholders say Zuckerberg’s plan would allow him to preserve his control over the company by creating a new class of shares and avoid paying a one-time 5% wealth tax.
AI Summary
Investors have filed a lawsuit alleging that Mark Zuckerberg’s proposed stock plan would let him retain control of Meta by creating a new class of shares while sidestepping a one‑time 5% wealth tax imposed on California billionaires. The complaint asserts the scheme is designed to preserve his ownership stake and avoid the tax.
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