As bad as cheating is morally, we don't really know how his wife feels or if they had some open relationship type arrangement, and it's not really material to his running the company because it's been doing very well during all of that. I don't think it makes much sense to fire someone over this, it's more like a power struggle with other parties vying for control.
Dating a customer and subordinate potentially undermines objectivity in customer pricing, customer chip access, promotions, performance, etc. That’s why it’s explicitly forbidden in Nvidia (and most companies) code of conduct
It isn't necessarily about morality if there are rules in place that all employees, c-suite or otherwise, are expected to follow.
I don't know Nvidia internal policy, but assuming their HR policies include such a stipulation it shouldn't be treated as a "rules for thee, not me for" situation.
If that's the case and she backs him up on this, then it's sordid but not cheating and _that_ part of the scandal can be overlooked, but espionage is a different matter.
What evidence have you seen that espionage has taken place? I've seen people speculating about espionage, but very little evidence to back this up.
The ethics of having an affair depend entirely on the relationship between the people involved. I can't pass judgement on that in general. Having an affair with customers or subordinates can be problematic, but I wouldn't call it unethical. In any event, it is completely separate from the spying allegations.
You didn’t get a tip or give anyone a tip. You are not the only one whose decision affects the outcome. However you choose to divest yourself of shares by selling them, and then bring it up.
I am not a securities lawyer or an expert on case law. But would the board member be able to file a Form 4 and sell shares, before their actions that may affect the company?
His public statement about hurting his family suggests they did not.
If I was in his position and I did, my statement would be something like "We're not monogamous, and we're both content with that arrangement. That was meant to stay private, and I'm sorry it came to public attention".
Then I'm just eccentric instead of an asshole.
Polymarket prices in a 32% chance of divorce by end of March which is about a third of his chances of getting fired over the same timespan, so...
WHO CARES. sorry, I don't meant to be mad at you. But we need to stop using the wisdom of the crowd when such crowd is... that crowd.
This is a common fallacy. Often being incredibly smart in a few areas leaves you incredibly naive in others. If nothing else, your success in some domains will lead to overconfidence in others.
To an extremely ignorant person on the matter like me, and genuinely asking, what has he achieved in terms of engineering and development, that makes you think he's smart? Or do you mean in the sense of knowing its way through business and politics? Idk I always find difficult to believe that people really think that CEOs are smart, when they commonly are not involved what so ever in any scientific leading or research, and just funnel money to a product that make them richer.
But I prefer to believe I'm wrong and would like to hear form the other side.
NVidia was at the right place at the right time, nothing else.
P.S. As a linux user I ascribe to the "FU nvidia" Linus' school of thought (because drivers) and I am happily running a Framework desktop instead of an nvidia rig. But credit where credit's due.
Jensen has absolutely made his own luck here. They were in the right place waiting for the right time for decades before it hit.
that's main driver behind the biggest technological innovation of humankind requires you to be quite smart, don't you think?
wtf
>terms of engineering and development, that makes you think he's smart?
yes, because only engineering and development requires smartness! Do you really think it is true? wtf
>Idk I always find difficult to believe that people really think that CEOs are smart, when they commonly are not involved what so ever in any scientific leading or research, and just funnel money to a product that make them richer.
If you really believe that picking what to invest is easy, then go ahead to the stock market - you should outperform it easily then.
what the fuck is this take :D
As a large shareholder and world's 7th [now 12th] richest person he would certainly retain a lot of power, even with a new CEO. Time to start his own personal VC firm or something.
There is some nepotism at Nvidia, those people are likely going to be very annoyed with him since their positions may not now be tenable.
TSLA's board also needs to do its job.
It's kind of hard for US techies to not have exposure to a company that accounts for >5% of the S&P 500.
Nvidia will do just fine with another CEO as they're deeply entrenched.
Had you said this maybe 5 6 yrs ago then yes, it would be firing the visionary leader before his vision was implemented
Nvidia is an extremely successful company right now. It was called the central bank of AI just a few months ago
It will be a pity to see the company go down because the board feels the need to pry into his private life.
Does he have to be a monk to head this company?
Have you checked with his wife that they are not in an open relationship, or polyamorous?
The security aspect is a totally different story, but the rest is his personal life and none of your business.
But not with his employees or staff at companies he sells to, he’s the CEO of one of the biggest companies in the world, being paid billions, it’s not a big ask.
Random low level managers in a supermarket have been fired for sleeping with their staff.
When former Intel CEO Brian Kraznich did it he was on the chopping block and they used as an excuse to fire him.
But Nvidia's board has a history of being favorable to Jensen-- he hasn't done much wrong and typically they will reward performance. First responsibility is share-holders but there is a lot of self-interest at play. If they don't fire him they could face action by government or get sued by shareholders, if they do fire him they deflate the value of the share holdings further.
Now that Nvidia has blown up so much they think they can do fine without him -- but it can easily turn into the next Intel. It most likely won't 100x in two years but it can certainly crash if there are poor decisions made. If the CFO is rumored to replace him, changing leader from a founder engineer to a finance person isn't likely to go well.
Do you really think this is the same as sleeping with a random person at a company which happens to use some Nvidia products?
That banging customers and execs is a huge conflict of interest and security risk. There is a good reason if C-suites typically bang escorts instead of their colleagues.
Mmm. Infidelity is very common. [0] What's fairly uncommon is getting caught in a way that requires the infidelity to be acknowledged. Just ask the French. ;)
[0] ...it's almost as if monogamy is an unnatural state of being for many (but definitely not all!) people...
failure of integrity is the operating mode for the most powerful corporate leaders on earth.
I don't know. Some people have too much power to be held accountable for their actions, e.g. Trump