Zuckerberg Agrees to Remain in California Amid Proposed Billionaires' Tax

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Meta's board was concerned that a departure by CEO Mark Zuckerberg could disrupt the company's artificial intelligence plans. To keep him in California, the company has agreed to a new stock arrangement that gives him financial incentives to stay. The move comes as a ballot measure proposing a billionaires' tax is drawing attention in the state. The board's worry centered on the potential impact of his leaving on Meta's AI ambitions. The new agreement is designed to tie his financial interests to remaining in place.

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