Jensen Huang has resigned as chief executive of Nvidia after reports of extramarital affairs with an alleged Chinese spy and a company employee.
He will be replaced on an interim basis by Nvidia’s chief financial officer, Colette Kress, until a full-time successor is named.
Shares in the chipmaker plunged by 13% when Wall Street opened, after Huang’s departure was announced. After a partial rebound, they were down 7% in morning trading, wiping more than $320bn (£242bn) off Nvidia’s value on the day and more than $600bn for the week – valuing the company at about $3.9tn.
The statement from Nvidia’s board of directors confirming Huang’s departure did not mention the spying scandal and personal conduct revelations that have enveloped the company, instead paying tribute to Huang’s “profound” contributions to the company he co-founded.
Its always alleged until the investigation is concluded, a confession doesnt change that, its a single piece of evidence weighed for or against others. In this case it does appear fairly slam-dunk, but still process should be followed.
Investigatation? The affairs aren’t a crime. There’s no investigation there. He says the affairs happened, that’s closed.
The investigation is about his involvement and knowledge of the GPU smuggling.
Investigation isnt a term owned by a government agency or degree of offending. I can investigate my little toe if I want.
Companies have internal investigations that must be followed either by policy, and often by law. They’ll have a duty to shareholders to complete the investigation. And they’ll use language in documents, press packs, and announcements to that effect.
Your open/closed assessment is false. It’s kinda clear you’ve never dealt with staff and human resourcing issues before? Or if you have it hasn’t been in a firm bigger than a few people.
I have been actually! A few times!
I worked with autistic kids for almost a decade. Was sent home a few times when accusations were made. Each time I was cleared by video. And nobody ever said I aledgedly showed up to work that day.
My point is, the affairs are facts of the investigation, not accusations.