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. Kordestani filed the lawsuit in California Superior Courtroom on Friday.
In keeping with the lawsuit, Kodestani left his high-paying job at Google to hitch Twitter, which supplied him a “a lot decrease” wage of simply $50,000, however with inventory choices, performance-based restrictions, and extra. Inventory items and restricted inventory items 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 workers alleging they have been fired or not correctly compensated after being fired. Earlier this 12 months, the previous claimed he was fired “with out trigger” and is owed tens of millions of {dollars} in unpaid severance pay. The most recent lawsuit alleges, “Mr. Kordestani was certainly one of many former Twitter workers that X Corp. wrongfully detained after Elon Musk acquired X Corp. in October 2022.”
