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Meta's board thinks keeping Zuckerberg at its California office is key

All Content from Business Insider·Sarah E. Needleman·19 days ago
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Meta's board wants its CEO, Mark Zuckerberg, to stick around — and stay local. Kent NISHIMURA / AFP via Getty Images

Meta wants more than rank-and-file employees at the office. It wants CEO Mark Zuckerberg there, too — even if that comes at a hefty price.

The tech giant's board said in a securities filing Wednesday that it would create a new class of non-voting stock in part to keep Zuckerberg in control and give him a financial incentive to continue living near its headquarters. It described his presence at the office as "critically important" to its future success. Meta has required employees to come in at least three days a week since 2023.

Zuckerberg previously told the board he was considering moving in response to a proposed California billionaire tax .…

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