Twitter's former chairman accuses Musk of owing over $20 million worth of stock
On August 9, local time, Omid Kordestani, the former chairman of Twitter (now renamed X), sued the social platform company, claiming that its owner, Tesla CEO Elon Musk, has refused to honor more than $20 million worth of stock owed to him. Kordestani was Twitter's executive chairman from 2015 to 2020 and served on the board for two more years until Musk acquired the platform for $44 billion. In his complaint, Kordestani said most of his compensation was in stock, which Musk refused to pay.
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