Zuckerberg Agrees to Stay in California for Eight Years Under Meta Board Deal
Meta CEO Mark Zuckerberg has agreed with his company's board to stay in California for eight years. This deal is structured to help him pay the state's proposed billionaire tax and maintain his voting control at Meta, as a new…
Detroit, MI, October 22, 2026 —
Meta CEO Mark Zuckerberg has agreed with the company’s board to stay in California for eight years under a deal described as addressing the state’s proposed billionaire tax while preserving his voting control at Meta.
The arrangement is tied to the planned issuance of a new class of non-voting stock. The information provided does not specify how the stock would be distributed, how the arrangement would help Zuckerberg pay the proposed tax, or how his voting control would be maintained.
The tax is described as proposed; no further details about its terms or status were provided. The information also does not state when the agreement was reached, when the stock would be issued, or whether the eight-year period has begun.
The agreement links Zuckerberg’s stated residency commitment to the company’s stock structure and the proposed tax. However, the available details do not explain what would happen if the proposal changes, is not adopted, or if the terms of the agreement are altered. No additional terms of the board agreement were provided.
Meta’s board is identified as a party to the deal, but the information does not describe the board’s approval process or provide statements from Zuckerberg, Meta or board members. The financial value of the proposed tax and the number or value of shares involved were also not provided.
As described, the arrangement combines an eight-year commitment to remain in California with a planned non-voting stock class. Further specifics about its implementation and the tax proposal were not included in the information available.
Story summarized from the original created by Maura Barrett on www.wxyz.com, see more information here.
