Billionaire civil war brews between ex-Google bosses as Eric Schmidt rages at mega-rich wealth tax coalition
A billionaire civil war is brewing inside Sergey Brin’s $100 million operation to kill California’s proposed billionaire tax as ex-Google CEO Eric Schmidt is among a group of grumbling billionaires that say the coalition has lost the plot, the California Post has learned. Schmidt, a $3 million donor to Google-founder Brin’s Building a Better California, was reportedly furious after the state Democratic Party endorsed the union-backed wealth tax and shot down two counter-measures the group is bankrolling.
Reported by 1 outlet — New York Post. See all sources ↓
A billionaire civil war is brewing inside Sergey Brin’s $100 million operation to kill California’s proposed billionaire tax as ex-Google CEO Eric Schmidt is among a group of grumbling billionaires that say the coalition has lost the plot, the California Post has learned. Schmidt, a $3 million donor to Google-founder Brin’s Building a Better California, was reportedly furious after the state Democratic Party endorsed the union-backed wealth tax and shot down two counter-measures the group is bankrolling. “Eric is rightfully upset,” a source with knowledge of the matter told The Post. Some donors and advisers are growing frustrated that Building a Better California, which raised a fortune from Silicon Valley mega-donors including venture capitalist John Doerr with $10 million, Michael Moritz with $7.5 million, is suffering mission creep in its effort to reshape California politics by backing six different state ballot measures.
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- What's the story?
- A billionaire civil war is brewing inside Sergey Brin’s $100 million operation to kill California’s proposed billionaire tax as ex-Google CEO Eric Schmidt is among a group of grumbling billionaires that say the coalition has lost the plot, the California Post has learned. Schmidt, a $3 million donor to Google-founder Brin’s Building a Better California, was reportedly furious after the state Democratic Party endorsed the union-backed wealth tax and shot down two counter-measures the group is bankrolling.
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- 1 outlet, average source rating 5.0/10.
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- 13m ago.
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Billionaire civil war brews between ex-Google bosses as Eric Schmidt rages at mega-rich wealth tax coalition
Sources1TypeCoverageNew York Post