{"id":111682,"date":"2024-08-10T05:35:19","date_gmt":"2024-08-10T05:35:19","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/10\/elon-musks-x-sued-for-20-million-in-shares-by-ex-twitter-chairman\/"},"modified":"2024-08-10T05:35:19","modified_gmt":"2024-08-10T05:35:19","slug":"elon-musks-x-sued-for-20-million-in-shares-by-ex-twitter-chairman","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/10\/elon-musks-x-sued-for-20-million-in-shares-by-ex-twitter-chairman\/","title":{"rendered":"Elon Musk&#8217;s X Sued for $20 Million in Shares by Ex-Twitter Chairman"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/i0.wp.com\/www.gadgets360.com\/static\/desktop\/images\/spacer.png?resize=1,1&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Elon Musk&#8217;s X Sued for  Million in Shares by Ex-Twitter Chairman\" title=\"Elon Musk&#8217;s X Sued for  Million in Shares by Ex-Twitter Chairman\" \/><\/div><p> <br \/>\n<\/p>\n<div id=\"center_content_div\">\n<div class=\"content_text row description\">\n<p>Former Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than $20 million worth of shares he is owed.<\/p>\n<p>Kordestani served as the company&#8217;s executive chairman from 2015 to 2020 and stayed on the board for two more years, until Musk bought the platform for $44 billion. He said in the complaint that the bulk of his compensation was stock, which he says Musk is refusing to pay out.<\/p>\n<p>Lawyers for the former chairman claim that X Corp., as Musk renamed the company, is seeking to \u201creap the benefits of Mr. Kordestani&#8217;s seven years of service to Twitter without paying him for it.\u201d<\/p>\n<p>The lawsuit, filed in California Superior Court in San Francisco, is the latest in a series of legal actions taken against Musk by former leaders at Twitter since he took over. In March, four ex-executives sued Musk for allegedly withholding more than $128 million in severance payments after they were ousted from the company.<\/p>\n<p>X declined to comment.<\/p>\n<p>Before his time at Twitter, Kordestani was a longtime business leader at Alphabet Inc.&#8217;s Google.<\/p>\n<p><em>\u00a9 2024 Bloomberg LP<\/em><\/p>\n<\/div>\n<p class=\"downloadtxt margin_b20\">\n                For the latest <a href=\"https:\/\/www.gadgets360.com\/news\">tech news<\/a> and <a href=\"https:\/\/www.gadgets360.com\/reviews\">reviews<\/a>, follow Gadgets 360 on <a href=\"https:\/\/twitter.com\/gadgets360\" target=\"_blank\" rel=\"nofollow noopener\">X<\/a>, <a href=\"https:\/\/facebook.com\/gadgets360\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>, <a href=\"https:\/\/whatsapp.com\/channel\/0029VaB3o5hHltY9SJbXg335\" target=\"_blank\" rel=\"nofollow noopener\">WhatsApp<\/a>, <a href=\"https:\/\/www.threads.net\/@gadgets.360\" target=\"_blank\" rel=\"nofollow noopener\">Threads<\/a> and <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMILm3AowtoHPAQ?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\" target=\"_blank\" rel=\"nofollow noopener\">Google News<\/a>. 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If you want to know everything about top influencers, follow our in-house <a href=\"https:\/\/www.whosthat360.com\/\" target=\"_blank\" rel=\"noopener\">Who&#8217;sThat360<\/a> on <a href=\"https:\/\/www.instagram.com\/whosthat360\/\" target=\"_blank\" rel=\"nofollow noopener\">Instagram<\/a> and <a href=\"https:\/\/www.youtube.com\/@WhosThat360\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>.            <\/p>\n<div class=\"story_nextprv\">\n<div class=\"left_story\">\n            <a href=\"https:\/\/www.gadgets360.com\/apps\/news\/youtube-sleep-timer-feature-pause-playback-premium-users-test-6301527\"><br \/>\n                <i class=\"sprite\"\/><\/p>\n<div class=\"story_image\"><\/div>\n<p>                <span>YouTube Tests Sleep Timer Feature That Will Automatically Pause Playback for Premium Users<\/span><br \/>\n            <\/a>\n        <\/div>\n<\/div>\n<p>    <!--\n\n<div class=\"adhead\">\n    <span>Advertisement<\/span>\n    \n\n<div id='div-gpt-ad-1667475893419-0' style=\"min-width: 728px; min-height: 90px; text-align:center;\">\n        \n    <\/div>\n\n\n<\/div>\n\n--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.gadgets360.com\/social-networking\/news\/elon-musk-x-lawsuit-former-twitter-chairman-6305593#rss-gadgets-news\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than $20 million worth of shares he is owed. Kordestani served as the company&#8217;s executive chairman from 2015 to 2020 and stayed on the board for two more years, until Musk bought the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":111683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/www.gadgets360.com\/static\/desktop\/images\/spacer.png","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[2874,2534,91784,78827,2458,2535,1253,9203,9297,9296],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/111682"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=111682"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/111682\/revisions"}],"predecessor-version":[{"id":111684,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/111682\/revisions\/111684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/111683"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=111682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=111682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=111682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}