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Rephrase the title:The Tesla shareholder who denied Musk his $55 billion payday is a former heavy metal drummer

Posted on February 4, 2024 By Haley Bennett

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:

  • Richard Tornetta sued Tesla in 2018 over Elon Musk’s $55 billion compensation plan.
  • The Tesla shareholder is a former heavy metal drummer for the thrash-metal band Dawn of Correction.

The Tesla shareholder who won a dramatic legal victory that denied Elon Musk his $55 billion compensation package used to be a heavy metal drummer.

Videos posted on YouTube show Richard Tornetta, who sued Tesla in 2018 over what he argued was an excessive pay plan, drumming for Dawn of Correction, a thrash-metal outfit that broke up in 2009.

The band released a single album, “Dead Hand Control,” in 2008 and described its sound as “a swift kick to the face with a steel-toed work boot,” Reuters reported.

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Musk would likely be tempted to describe the Delaware Court’s judgment in similar terms. The billionaire raged against the ruling that found his $55 billion compensation package had been unfairly awarded on X, and is seeking to move the company’s state of incorporation to Texas.

“Never incorporate your company in the state of Delaware,” Musk wrote on X shortly after the decision was announced.

Tornetta sued Tesla over Musk’s massive pay package in 2018, arguing that the Tesla CEO had influenced the board’s decision through his close personal relationships with its members, which includes his brother Kimbal.

At the time, he owned nine shares in the company, Reuters reported.

Tesla argued that the compensation plan, which the Delaware judge noted was the largest in public corporate history, was necessary to maintain Musk’s focus on the company.

It failed to convince the judge, however, who described the package as “an unfathomable sum” that was unfair to shareholders. The EV maker will need to develop a new compensation plan for Musk, although it can appeal.

Tornetta could not be reached for comment. Tesla did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

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