Remember Devin Nunes? He’s the guy who sued a parody account, Devin Nunes Cow for $250 million (I’ve seen that number before — it seems to be a standard ridiculous number used in lawsuits by members of the Trump administration.) He lost. As a member of the Trump coven, though, he couldn’t really lose, and he was appointed to be CEO of Truth Social, the absurd far right social media platform our president uses to broadcast “Truths”.
Alas, the poor man is now stepping down from his lofty position. Don’t feel sorry for him, though, because despite the catastrophic financial losses behind Truth Social, Nunes has been cleaning up.
After soaring shortly before Trump’s re-election in November 2024, stock in the company plunged 67%, wiping out more than $6 billion in investor wealth.
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Since it went public two years ago, Trump Media has lost more than $1.1 billion. Nunes got total compensation of $47 million in 2024, the last year for which figures are available.
$47 million! In one year! For running a non-viable social media platform!
You know, I’m retiring one year from now, and my wife and I are both concerned about the dramatic drop in our income starting in May 2027. My plan right now is to get a cushy sinecure with some large failing company — a job I’m not qualified to handle, but that therefore cannot demand much work from me — and then retire again after a year or so, once I’ve got a few million dollars. I would never ever have any money worries if I had a $47 million nest egg, which would keep me in grand style from now until my inevitable demise.
Does anyone know of any job openings in the overpaid-with-minimal-duties category?
Or do I need to be Republican with connections to the most corrupt administration in American history?
All you have to do is shove your tongue as far as possible up Trump’s ass and the cash will start rolling in.
I wouldn’t need anywhere close to $47 million to retire VERY comfortably. Just $5 million savings would give me $250,000 per year for 20 years not even counting any profits from investments, interest, etc. I might could just get by on $3million. ;-P WTF do these people do with that much money?
Well, I hate to be a “both sides do it” kind of guy, but you could probably get a similar kind of position with some Democrats, if that makes you feel better. Scum bag ripoffs come in all shapes and sizes. Some Democrats are just Democrats because that’s what it takes to get elected in their area.
#1: Eww. Some prices I am not willing to pay.
johnson catman — “WTF do these peopled with that much money?” Oh, you know…islands in the Caribbean, ranches in New Mexico…places where you can slip into with your Lear jet bringing some friends along for the party.
Note: “compensation” can include stock options or RSUs, and while they are valued at the time of the award, the actual value only matters when they vest. Case in point, I got a bonus of RSUs valued at the time at $36,000 (i’m in software, with decades of experience). Before any of it could be cashed out, (the vesting happens 1/4th of the stock every year), Wall Street got in its pissy mood about AI for a time, plus everything 47 has done to tank the market since September, and currently that is a little over half the value it used to be. My compensation was 36,000. My actual money in hand is nothing of the sort.
CEOs are often given stock options/rsu’s in order to encourage them to do things that would raise the stock value (side effect: stock buybacks become commonplace rather than, you know, improving actual productivity and product quality), and so Nunes failing miserably at that may mean that $47m is not what it used to be.
That said, if it is anything over $100,000 in value left in his nest egg, it is still too high.
You kind of answered your own question. You do have to be a Republican to get that rich. But you also have to be a distinctly extroverted, self-promoting, loud, vulgar, and shameless asshole. (like all of Trump’s appointees) Otherwise you’d be just one of the zombie Republican horde.