The Wall Street Journal says Nvidia's board will meet to decide whether Jensen Huang stays or leaves
Nvidia is reportedly preparing to fire Jensen Huang
According to The Wall Street Journal, after The New York Times reported a second extramarital affair, Nvidia's board is preparing to remove CEO Jensen Huang and could meet as soon as that day to decide his fate. According to The New York Times, the relationship was with Kimberly Powell, a vice president of the healthcare business who reported to him; the two were said to have appeared together at a hotel in San Jose during the GTC developers conference in March, and the newspaper said it had not seen the related video. The company had previously confirmed that Jensen Huang had an extramarital relationship with Alice Huang, a Megaspeed executive alleged to be a Chinese spy, and hired former U.S. prosecutor Joon H. Kim and his firm Wachtell, Lipton, Rosen & Katz to handle the subsequent investigation. Nvidia shares fell more than 7% in after-hours trading on Wednesday, and the company did not immediately respond to The Verge's request for comment.
The report presents the process by which Nvidia's board initiated action after allegations concerning an executive's personal conduct, and can serve as a sample for observing corporate governance and senior management stability at this chip giant.