It's "Lose $56 billy because a thrash metal drummer made it so Friday!"
A Thrash Metal Drummer Cost Elon Musk $56 Billion This Week
A thrash metal drummer by the name of Richard Tornetta has stuck a major blow against billionaire Elon Musk. The musician, who previously played in Dawn Of Correction, filed suit against Musk back in 2018, seeking to halt Musk‘s company Tesla from awarding him a $56 billion compensation package.
Tornetta took issue with the package, claiming that the Tesla board had breached their fiduciary duties in awarding Musk the unprecedented compensation package, which was was performance-based. Tornetta, who holds just 9 shares in Tesla, argued that Musk “controlled Tesla” claiming that the board acted without independence in approving the package.
According to CNBC the Delaware Supreme Court sided with Tornetta on the matter earlier this week, ruling that Musk had “extensive ties” and influence over several individuals who had negotiated the compensation package.
David vs Goliath has nothing on this story.