Trump’s Media company, Trump Media & Technology Group Corp. (TMTG), has forced out Executives in recent days, after Internal Allegations that its CEO, former Rep. Devin Nunes (R), is Mismanaging the company, according to Interviews and Records of Communications among former Employees. Several People involved with TMTG believe the Ousters are Retaliation following what they describe as an Anonymous “Whistleblower” Complaint regarding Nunes that went to the Company’s Board of Directors.
The Chief Operating Officer and Chief Product Officer have left the company, along with at least Two Lower-Level Staffers, according to Interviews, Social Media Posts, and Communications between former Staffers. TMTG which runs the Social Media Platform Truth Social, disclosed the Departure of the Chief Operating Officer in a Securities filing Thursday afternoon.
Several People with knowledge of the company said the concerns revolve around alleged Mismanagement by Nunes. One Person said they include Allegations of Misuse of Funds, Hiring of Foreign Contractors, and Interfering with Product Development.
Trump Media’s Board comprises a set of Powerful figures in Trump’s World, including His son Donald Trump Jr., former U.S. Trade Representative Robert Lighthizer, and the Businesswoman Linda McMahon, a Major Donor and current Co-Chair of Trump’s Transition Planning Committee.
Nunes was named CEO of the company in 2021, with Trump hailing Him as “a fighter and a leader” who “will make an excellent CEO.” As a Member of Congress, Nunes was known as One of Trump’s staunchest Loyalists. After the Internal Allegations about Nunes were made, the company enlisted a Lawyer to Investigate and Interview Staffers.
Then, last week, some Employees who were Interviewed by the Lawyer were notified they were being Pushed Out, include a Human Relations Director and a Product Designer, along with Chief Operating Officer Andrew Northwall and Chief Product Officer Sandro De Moraes. TMTG asked the Employees to Sign an Agreement pledging not to make Public Claims of Wrongdoing against the company in Exchange for Severance.
On Thursday afternoon, Northwall posted on Truth Social announcing He had “decided to resign from my role at Trump Media,” adding that He was “incredibly grateful” to Trump and Nunes “for this opportunity. As I step back, I look forward to focusing more on my family and returning to my entrepreneurial journey,” the Statement said. De Moraes now identifies Himself on His Truth Social Bio as the “Former Chief Product Officer” of the company.
TMTG has a Formal Whistleblower {olicy, adopted when the company went Public in March, that encourages Employees to Report Illegal Activity and other “business conduct that damages the Company’s good name” and Business Interests.
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