Jensen Huang resigned as CEO of Nvidia this morning, a company he co-founded in 1993. The decision came following the company's board opening an investigation into multiple extramarital affairs Huang had with a direct report and an alleged Chinese spy. The new, and first, Chair of the Board, Harvey Jones, shared news of Huang's resignation […]
Read Nvidia’s internal emails about the ‘extraordinarily difficult period’ amid CEO shakeup
Source: The Verge
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Nvidia shares plunge 10% in pre-market trading after board ousts longtime boss Huang over two affairs, including with a suspected Chinese spy, in big blow to AI boom Too big – and too well-connected – to sack? Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate governance wonks outside the US. Continue reading...