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Zuck still is running the company. This change means that he can keep doing that while also donating 99% of his stock to charity.

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He's not "donating 99% of his stock to charity."

He's setting up a non-taxable charity vehicle that he controls.

His original announcement said it wasn't a charity so he could lobby governments. Has he since said something to the contrary?

It is a taxable LLC. He doesn't get the tax-benefits of setting up a nonprofit, but he has much more freedom in how to use the money (e.g. including making investments vs donations, and including non-tax-deductible political activism). https://en.wikipedia.org/wiki/Chan_Zuckerberg_Initiative#Com...

I get all of that, but why does the headline say "he gets to run the company a while longer?" That makes it sound like he's a detriment to the company.

Under the previous stock arrangement, he wouldn't have been able to both donate his stock and keep control of the company.

I can see how the headline could be interpreted as Zuck being detrimental, but I don't think that was the intent.

Ahh, OK. It seemed like some of the comments were echoing the headline.

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