A lot of people here hold NVDA shares, so there is a lot of conflict of interest in the comments.
replyI dont understand this argument, its either a shareholder concern or a criminal concern? a "conflict of interest" is a term used when a 3rd party needs to be unbiased ex government or law. You wouldn't say its a conflict of interest if your favourite sports team trades their best player
replyPeople have a lot of net worth tied into the economy. Nvidia is a lynchpin in the economy. People are biased towards keeping their net worth up. It’s not that deep, people want the tendies to continue printing.
replyI find it interesting to see so much blame being directed at the act of removing one person who may have been holding up trillions of value in the stock market, rather than at the market and industry conditions that led to so much value being supported by one person in the first place.
replyA company is not required to maintain a look of propriety. A company is not required to not look fishy. A company is not required to care how it is observed by the public at large. It is required only to maximize shareholder value.
replyThere is no doubt that his sexscapades were stupid, but at the same time there is only one question that should matter for the board. Will the shareholders make more money with him or without?
“Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”[0]
replySupreme Court disagrees that a company is required “only required to maximize shareholder value”, do you have any evidence to support your claim?
[0]https://caselaw.findlaw.com/court/us-supreme-court/13-354.ht...
[delayed]
replyThis person does not have any evidence to support their claim. The notion that shareholder primacy is enshrined in settled law (when in fact, as you point out, the opposite is true) is widely believed in the HN comments pages.
reply> There is no doubt that his sexscapades were stupid
replySure, but his selling into China might be criminal. Or would you also excuse criminal behavior that's profitable?
> there is only one question that should matter for the board. Will the shareholders make more money with him or without?
replyI think "can we trust this person to act in the best interests of this company?" is a more accurate question
I don't think these scandals are in NVidias best interest, and the hits the share value have taken seem to support that