His resignation comes after an emergency board meeting triggered by mounting scandals involving two extramarital affairs.
Reports first linked Huang to an executive at Singapore-based Nvidia customer Megaspeed, whom U.S. intelligence officials believe is an operative for Chinese intelligence.
Just days after apologizing to staff, The New York Times revealed a second affair involving Nvidia’s own Vice President of Healthcare, Kimberly Powell, creating an untenable governance crisis.
After his resignation, Nvidia’s board immediately named longtime CFO Colette Kress as interim CEO, while veteran director Harvey C. Jones steps into the newly created role of board chair as a formal search for a permanent replacement begins.
Wall Street reacted swiftly to the shockwave, sending Nvidia shares tumbling over 13% at market open and wiping out hundreds of billions in market value before a partial recovery.
He had better!!
ReplyDeleteSuch an embarassment of a man. Imagine sending a confession and apology email to employees when your children work in the very organisation. What example is that? I expected to see a resignation below, but assumed that he was probbaly too good to be discarded. Then 2nd allegation?
No sir!! You are too weak to lead such an organisation. Ogbeni step down!!
In the words of Denzel Washington: the devil comes for you at your highest point.
Besides, anyone who Trump likes or defends, has to have some shadiness in them and information to implicate him (Trump). As e dey calculate words, I know say na him guy be this.
ReplyDeleteNvidia... the biggest company in the world right now and the key driver of the AI race. The company is currently worth 5 trillion dollars and has potential to be worth higher.
ReplyDeleteStarting from practically nothing, Huang, his wife and two other guys built this company from the scratch. Facing difficult headwinds along the way, success wasn't assured. At one time, his wife had to pawn her wedding ring to keep the company afloat. She contributed heavily to making Nvidia what it is today.
The US, realising just how sensitive and pivotal the chips Nvidia makes are, placed export restrictions and controls of the most sensitive and powerful of these chips. Their exports were banned. China had other plans however.
The Chinese studied Huang's profile, found out he had a history of infidelity and sent a honey pot to entrap him. Before long, this Chinese spy was able to get Huang to lower his guard and she was able to access some of those chips and using companies that were fronts for Chinese operations, had the chips exported to Malaysia and from there, China took control of them.
This has so alarmed the United States that calls for Huang's resignation began ringing out. Huang's resignation became inevitable.
On the eve of the biggest IPO in human history, the moral failings of one of the most sought after human beings on the planet, sees him losing control of his company. He joins Bill Gates, Jeff Bezos and Elon Musk in the long list of men who's sexual indiscretions cost them heavily.
There is no word if Mrs. Huang will be filing for a divorce. But she'll be looking at a huge payout of 81 billion dollars if she does.
Asians with their small penis
ReplyDeleteKeep it inside your pants! Mba! Na to dey waka up and down dey find wetin to chook am inside
ReplyDelete