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this is like a theory and practice situation. in theory this is conflict of interest issue possibly undermines objectivity and so on. in practice Nvidia thrives and the man is a substantial reason of this. removing him will be plain stupid from the point of view of the company's performance.
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Company success has nothing to do with the conflicts of interest above though.
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Why should we assume corporate codes are morally just though? I do not. In fact I would argue this is evidence that company codes are in a general sense draconian and/or disconnected from social reality under capitalism, etc.
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Many (most?) companies have specific policies against romantic relationships in the office, especially with subordinates.

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.

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