eicker@lemmy.world to Technology@lemmy.worldEnglish · 3 days agoBehind the Scenes, Meta’s Board Is Battling With Mark Zuckerberg Over His Out-of-Control AI Spending: The directors have had enough.futurism.comexternal-linkmessage-square93linkfedilinkarrow-up1518arrow-down19
arrow-up1509arrow-down1external-linkBehind the Scenes, Meta’s Board Is Battling With Mark Zuckerberg Over His Out-of-Control AI Spending: The directors have had enough.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 3 days agomessage-square93linkfedilink
minus-squareNot_mikey@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up17·2 days agohe 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
minus-squarePhilippe23@lemmy.calinkfedilinkEnglisharrow-up7·2 days agoA.) 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.
minus-squareSaharaMaleikuhm@feddit.orglinkfedilinkEnglisharrow-up13·2 days agoI am pretty sure he still holds a majority of shares. He is clinging to that for dear life
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
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.
I am pretty sure he still holds a majority of shares. He is clinging to that for dear life