| Post Reply | RetroFed Forums Forum Index » United States | News & Politics |
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return2ozma
lemmy.world
return2ozma@lemmy.worldJoined: 2023-07-01 |
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nastronot
lemmy.zip
nastronot@lemmy.zip Joined: 2026-10-15 |
We need to start punching people in the face again |
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Hyacin (He/Him)
lemmy.ml
hyacin@lemmy.ml Joined: 2023-12-29 |
Saw this and thought well of him for half a second until the real story came across my feed - that he was throwing a fit threatening to move out of California until the board agreed to basically pay him sufficiently more (in non-voting shares he can immediately sell) to cover it. Eat the rich. Slow roasted... ideally starting while they're still breathing. |
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RustyEarthfire
lemmy.world
RustyEarthfire@lemmy.world Joined: 2023-06-12 |
Saw this and thought well of him for half a second until the real story came across my feed - that he was throwing a fit threatening to move out of California until the board agreed to basically pay him sufficiently more (in non-voting shares he can immediately sell) to cover it. Eat the rich. Slow roasted... ideally starting while they're still breathing.
It doesn't say they are paying him more, just that they are structuring things in a way he can sell stock but keep his control. A relevant excerpt from Meta's investor update (bold mine):
If I understand correctly, each existing share is effectively split into a voting share and a non-voting share (which the market will price, probably each at around half the original value). Google did this in 2014, and GOOGL (voting) shares are worth about 2% more than GOOG (non-voting) shares. |
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