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Semafor· Rohan Goswami·Indexed by this site · Originally publishedSelectedAttention90

Joon Kim, the former prosecutor who once brought down Cuomo, now turns his sights on Nvidia CEO Jensen Huang

He took down Andrew Cuomo. Now Jensen Huang is in his crosshairs

AI summary

Nvidia has commissioned former Acting U.S. Attorney for the Southern District of New York Joon Kim to lead an internal investigation into whether CEO Jensen Huang was a target of Chinese espionage and whether this harmed trade secrets or U.S. national security, with the investigation overseen by a committee of independent directors. Previously, in a letter to employees on Sunday, Jensen Huang acknowledged an extramarital affair with a woman accused of being a Chinese spy, Alice Huang, and announced the launch of an independent investigation; the company said it has no reason to believe national security or Nvidia confidential information was harmed. Since Jensen Huang's acknowledgment, Nvidia's stock price has fallen 10%, wiping out $500 billion in market value. Kim's record includes successfully prosecuting mob boss John Gotti Jr. and former congressman Weiner, leading Nissan's investigation of former CEO Ghosn, and participating in the sexual harassment investigation that led to the 2021 resignation of then-New York Governor Cuomo. The report also notes that the board had considered having Nvidia's longtime outside law firm Cooley conduct the investigation, but doing so would invite criticism of insufficient independence; governance issues such as Jensen Huang having no clear successor and more than 50 direct reports have also drawn attention.

Why it was selected

The article reviews the professional record of the former federal prosecutor leading the investigation and sets out the background on the independence of the person chosen to investigate and on Nvidia board governance.

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