Home / Business and Economy / Nvidia CEO Huang Faces Ouster Amid Affair Probe
Nvidia CEO Huang Faces Ouster Amid Affair Probe
12 Nov
Summary
- Nvidia CEO Jensen Huang investigated for extramarital affair.
- Board preparing to remove Huang; stock price fell 8%.
- Huang's conduct may violate company's code of ethics.
Nvidia's board of directors is reportedly preparing to remove CEO Jensen Huang following an investigation into his personal conduct. Huang admitted to an extramarital affair, a situation U.S. intelligence agencies have linked to a suspected Chinese Ministry of State Security asset. This news sent Nvidia's stock price down over 8% in after-hours trading on Wednesday, continuing a significant market value decline since the probe was announced on November 8.
Corporate governance experts suggest Huang's alleged relationship may breach Nvidia's code of conduct, which emphasizes ethical standards and avoiding conflicts of interest. Huang himself apologized to his family in a message to employees on Sunday. He co-founded Nvidia in 1993 and is widely regarded as a driving force behind the artificial intelligence industry, making his potential exit a critical concern for the company and its stakeholders.
