Omid Kordestani served as Twitter’s govt chairman from 2015 to 2020 and served as a board member till Elon Musk acquired Twitter in 2022. Sued X for $20 million price of inventory, which he claimed the corporate refused to pay. Kodestany filed a lawsuit in courtroom on Friday California Superior Court.
In response to the lawsuit, Kodestany left his high-paying job at Google to affix Twitter, which supplied him a “a lot decrease” wage of simply $50,000, however with inventory choices, performance-based restrictions, and extra. Inventory models and restricted inventory models sweeten the deal. The lawsuit alleges that these quantities – a complete of $20,112,000 – ought to have been paid when Musk acquired Twitter and changed its board of administrators, however X didn’t accomplish that. “X Corp. sought to learn from Mr. Kordestani’s seven years of service to Twitter with out paying him, regardless of clear contractual language requiring X Corp. to take action,” the corporate stated.
After Musk acquired Twitter, a number of lawsuits have been filed in opposition to staff alleging they have been fired or not correctly compensated after being fired. earlier Earlier this 12 months, they claimed they have been fired “with out trigger” and are owed thousands and thousands of {dollars} in unpaid severance pay. The newest lawsuit alleges, “Mr. Kordestani was one in every of many former Twitter staff that X Corp. wrongfully detained after Elon Musk acquired X Corp. in October 2022.”
