Omid Kordestani, who was Twitter’s executive chairman from 2015 to 2020 and served on the board until Elon Musk acquired him in 2022, is suing Xi for $20 million in shares that he says the company has refused to pay. Kordestani filed the lawsuit on Friday California Supreme Court.
Kordestani allegedly left a high-paying job at Google to join Twitter, which offered him a “significantly lower” salary of just $50,000, but with stock options, performance-based restricted stock units and restricted stock units sweetened the deal. The $20,112,000 was due when Musk bought Twitter and replaced the board, but X failed to do so, according to the lawsuit. “X Corp. is seeking to reap the benefits of Mr. Kordestani’s seven years of service at Twitter without paying him, despite clear contractual language requiring X Corp. to do so,” it says.
Since Musk bought Twitter, multiple lawsuits have been filed alleging that employees were not paid properly after being fired or fired. Past earlier this year, they claimed they were fired “without cause” and owed millions of dollars in unpaid severance. The latest lawsuit states that “Mr. Kordestani joined X Corp. in October 2022 after Elon Musk bought the company. is one of many ex-Twitter employees whose compensation has been unfairly withheld by
