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mynti | on: Jensen Huang resigns
I think this just confirms that he had knowledge of gpus going to China and the board wants to minimize the damage now. His infidelity does not help but I doubt the board would have ousted him for that
Traster | parent | next
I think the point is that whether he did or didn't, there's so much smoke now, that Nvidia is going to be spending the next few years getting drilled by absolutely every law enforcement agency and government. Even if it genuinely turns out that nothing even slightly bad happened, it's quite damaging the amount of scrutiny Nvidia is going to be under for the foreseeable future.
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thewhitetulip | root | parent
Especially after Democrats now control both House and Senate, that too by a wide margin.
United857 | parent | next
It’s not the infidelity part, it’s the undisclosed relationship with a subordinate part. That’s covered in HR training and is a fireable offense in every company I’ve been part of.
jcranmer | root | parent | next
While it's a fireable offense, my experience with senior management has been that the company is more than happy to help cover it up for them... until they do a bad, and then it becomes a quick ticket to can them without having to admit the real reason for canning them.
Starman_Jones | root | parent | next
Seems like that could actually map pretty well to this case.
hackeraccount | root | parent
That's what everyone keeps saying. INAL but that would give any fired executive hella leverage when the board finally decide to unveil what they've been hiding. I mean, they'll go to discovery and ... perjure themselves? Really?
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newsclues | root | parent | next
Three things: Selling GPUs and knowingly avoiding legal restrictions

A relationship with a foreign agent

An inappropriate relationship with a subordinate

Two of these potentially have serious legal consequences.

nonethewiser | root | parent
>That’s covered in HR training

Oh sorry Jensen you broke one of the rules in the HR handbook we have to fire you now nothing we can do.

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_bobm | parent | next
Was he the only one who knew?
freshtake | parent | next
This.
nonethewiser | root | parent
It makes absolutely no sense to fire him strictly for the relationships. So it's either deeper legal concerns or the board has other grievances and is using this as an excuse.
gizajob | parent | next
Everyone on that board will have had knowledge of GPUs going to China. Everyone on on THIS board has knowledge about GPUs going to China. Jeez.
cogman10 | root | parent | next
I'm going to suggest that everyone or a lot of people on the board likely knew about the affairs as well. Jensen wasn't exactly hiding it.

This is a CYA move by the board as all this is becoming public.

ihumanable | root | parent | next
If the reporting is to be believed, they ended up selling around $7.5B to China through Singapore.

They did ~$90B in revenue last quarter.

I sometimes can't imagine the avarice it takes to do things like this. Could you imagine having a $100 bill in your hand and going "Yea, I'll break the law and possibly destroy my life to steal $7.50"

muddi900 | root | parent | next
The difference between 100 billion and 107.5 billion is a 7.5 BILLION dollars.

Another way to put it is the difference between 75 MILLION and 7.5 BILLION is rounded to 7.4 BILLION.

The scale of numbers is huge and it is not just another 7.5 billion dollars.

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everfrustrated | root | parent | next
They had some amount of plausible deniability until the "spy" story made the news then they didn't.
jazzypants | root | parent
So, you think that crime is good? What's your point here?
gizajob | root | parent
Yeah it’s great.
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