Chinese born CEO and founder of the now infamous Zoom video-calling platform has just given away €5 Billion of his own personal stocks in his company he founded in 2011 according to Entrepreneur.com
Eric Yuan transferred a massive 40% of his shares to what is being reported as “anonymous people”.
The unusual transaction was recorded as two gifts of nearly 9 million shares each to unspecified recipients and from two trusts linked to Yuan and his wife.
According to Forbes.com, Yuan signed an open letter in June 2019 that appeared a full-page ad in the New York Times criticising regulations on abortion.
The open letter said equality in the workplace “is one of the most important business issues of our time,” and emphasises that restricting access to “comprehensive reproductive care, including abortion, threatens the health, independence and economic stability of our employees and customers.” “Simply put,” the letter reads, “it goes against our values and is bad for business.”
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