Claims Of A Second Affair Emerge As Nvidia Board Reportedly Prepares To Oust Jensen Huang
The board is preparing to meet as Nvidia lost about $600 billion in market value this week, according to reports.
- Nvidia's board is preparing to oust CEO Jensen Huang after reports of two extramarital affairs, including one with a suspected Chinese spy. The board scheduled a meeting Wednesday to determine his future at the $4 trillion chipmaker.
- Following revelations about his relationship with Alice Huang, a woman US intelligence linked to Chinese firms, the board launched an investigation into foreign targeting. On Sunday, Huang acknowledged being unfaithful to his wife in a memo, taking "full responsibility."
- The New York Times reported Wednesday that Huang also had a relationship with Nvidia vice president of healthcare Kimberly Powell. Both were captured on video being affectionate at a San Jose, California, hotel during a company conference in March.
- Nvidia's shares slid about 8 per cent in after-hours trading. Including Wednesday's selloff, the company has lost about US$600 billion in stock market value this week since the board announced its investigation.
- Huang faces a potential congressional subpoena regarding allegations he maintained contact with a Chinese businesswoman who passed information to Beijing. His departure would leave a leadership vacuum at the $4 trillion firm, and the company is reportedly working to identify new CEO candidates.
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12 Articles
The board of directors of the US chip company Nvidia is apparently preparing to throw out CEO Jensen Huang. According to the background, insiders are supposed to be two extramarital affairs of the manager, including one with a suspected Chinese spy. The board may want to meet on Wednesday to decide the future of Huang.
Claims Of A Second Affair Emerge As Nvidia Board Reportedly Prepares To Oust Jensen Huang
[Image: Flickr] Nvidia is reportedly lining up the exit door for Jensen Huang, and the plot has thickened rather than thinned. According to ABC News, in a report by Ivan Pereira, the Wall Street Journal says the board could meet soon to decide Huang’s future at the chip giant he co-founded. Nvidia’s own position, as per its statement on Sunday, was that the board “has confidence in Jensen and his leadership team”. The saga began when the New Yor…
There are also initial reports about a possible succession. The Group's share is being scrapped.
Who is Kimberly Powell? Jensen Huang’s reported second affair with married Nvidia VP - The Tribune
Nvidia CEO Jensen Huang is facing fresh attention after a report alleged that he had another affair, this time with a senior executive working under him at the company he founded. The woman is a senior Nvidia executive who reports directly to Jensen Huang. Both are married to other people, the New York Times reported. […]
Reports have emerged that NVIDIA CEO Jensen Huang had an extramarital affair with his direct vice president just three days after admitting to a cheating affair. The NVIDIA board of directors is discussing his dismissal for violating conflict of interest regulations, and the company's credibility and stock price are suffering a major blow due to the added suspicion of leaking external information.
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