richard tornetta wiki
hello everyone, today we gonna talk about a famous character called richard tornetta
who is richard tornetta
Richard Tornetta was the drummer for a thrash metal band called Dawn Of Correction, and now he’s going viral because he’s suing Elon Musk for $56 billion!
In addition to being the drummer for Dawn Of Correction in the past, Tornetta is also a shareholder in Tesla.
Tornetta doesn’t hold many shares with Tesla — he has nine shares at the time he sued Musk back in 2018. Richard’s lawsuit against Musk and Tesla is on behalf of the company, in what’s known as an “equity derivative lawsuit.” per this Reuters report, according to Richard’s law.
here is the Question, why is this ex-thrash metal drummer going after Elon Musk after becoming billioner ? Now, according to this Reuters report, Richard’s lawsuit “alleges that Musk dictated the terms of the pay package to a board of directors owned by the billionaire and claims that it was then proposed to a vote of shareholders who” t were misled about the difficulty of achieving certain goals.”
Tornetta, who owns an aftermarket auto parts company and once drummed for a now-defunct metal band called “Dawn of Correction,” maintains that Tesla’s board had unknown conflicts.
who is richard tornetta band
His complaint alleges that Musk came up with his own pay plan with the help of his former divorce attorney Todd Maron, who also happened to be Tesla’s general counsel until late 2018, CNBC reported in March.
Musk would also set the bar too low to achieve 12 performance goals, as laid out in the 2018 stock plan.
The plan allows Musk to buy one percent of Tesla shares at a significant discount for each goal achieved.
