Jack Dorsey (CEO of Twitter & Square) is donating $1 Billion of stock in Square...

70.2K

Verified Solution

Question

Accounting

Jack Dorsey (CEO of Twitter & Square) is donating $1 Billion of stock in Square to support the COVID-19 relief. However, he is doing it through an LLC, not directly to a non-profit to retain control of voting rights with his company and not have to pay capital gains on his donation. Do a bit of research on the topic and especially the ethical aspect of the transactions.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students