Trump Media & Technology Group announced that CEO Devin Nunes is the latest "recipient of free time" to focus on a lesser position. His resignation as CEO enables Nunes to devote time to his role as Chairman of the President’s Intelligence Advisory Board and on other ventures.
Nunes replacement? Kevin McGurn of the multiple CEO roles. Four months ago PEUReport noted:
Kevin McGurn is CEO of four SPACs and Sono Group. Five full time jobs for someone politically connected? That should sound familiar to those tracking insiders and the massive money that moves in their direction.
McGurn is also a private equity underwriter (PEU):
He is also a limited partner and strategic entrepreneurial advisor to Revel Partners, a venture capital firm focused on B2B SaaS and media innovation, and Alpine Meridian, a venture capital fund with investments across digital media and consumer technology.
"CRO is a high-performance token, and Trump Media Group CRO Strategy, which wil aggregate CRO, is poised to unlock significant value for shareholders," said Kevin McGurn, CEO of Yorkville Acquisition Corp. "To capitalize on this opportunity, we need strong strategic partners in the industry and an experienced management team. We already had the partners; now we've added the team."Sono Group N.V. refers to McGurn as its full time CEO. They may or they may not be getting their money's worth.
Neither Sono or TMTG (ticker DJT) have any new SEC filings related to McGurn's changed role with their firm. Most recent SEC filings on McGurn's compensation show:
- Yorkville Acquistion Corp - $15,000 monthly
- Sono Group N.V. - $33,300 monlthly
- Texas Ventures Acquisition III Corp - $15,000 monthly
- New America Acquistion I - 12.5 million founder shares in sponsor w/McGurn sole managing member
- Blue Water Acquisition III - $15,000 monthly
- TMTG advising or CEO compensation - no information to date
- Revel Partners or Alpine Meridian compensation - no information now or ever (PEU prerogative)
Nearly $80,000 per month in income plus the chance to cash in big on founder shares? That's a pittance for the big money boys.
Politicians Red & Blue love PEU and their new TechGod/Cryptobro brethren. Increasingly, more are one.
