Dumb is apparently totally normal at that level.
Look at the NVDA stock chart. There you go! That's why affairs are relevant to business! Business is always about trust, and someone who isn't deserving of their own spouse's trust certainly isn't deserving of anyone else's.
"It's not the crime, it's the coverup."
Also, an affair is only blackmail material in a society of prudes. I recall the story about a president who was confronted with condemning photos of his activities by CIA agents, and he pretty much encouraged the agents to publish the photos.
There are many examples where the outed affair resulted in nothing material when neither of the above was true.
This case, seems to touch both.
It is true for anything with a board, of course. But there is no rule mandating boards.
It's not entirely about humiliation.
Having an affair (or multiple, in this case) demonstrates poor decision making. You don't want someone who can't make wise choices running your company.
I can hardly imagine anything more stupid than judging the aptitude of the CEO of a 5T$ business based on his private love life.
You should be concerned about corporate crime.
That doesn't change that there is a conflict of interest here and any company should fire someone who has a conflict of interest that they are not carefully managing to ensure they don't become real.
That's a very narrow view that's a function of one's religion, culture, and values.
When I was in school, (US) my very Catholic French teacher explained that his uncle, in France, had a mistress. His uncle's wife knew and was okay with it. What my teacher was explaining is that the culture around marriage varies considerably through the world, and you can't take for granted that what we were taught (monogamy) is the standard that others live to, or even expect from you.
he was fucking a spy
he was fucking one of his direct reports
what are two things you shouldn't ever do as a CEO of the biggest company in the world?
this wasn't Cindy the random waitress from the Palo Alto Ruth Chris', these were literally two people he should never be fucking
he put the company at risk of national security issues and HR lawsuits for what is otherwise painfully mid-tier pussy. he's gotta go.
This is an extremely unnecessary misogynistic comment.
It’s unambiguously a good thing that the next NVIDIA CEO (even if just an interim CEO) is a woman, and that the AMD CEO is a woman.
This is how things change. Slowly and then all at once. If the board were more in love with him, they'd probably have been willing to turn a blind eye for just a little while longer. No such luck for Jensen, but we make our own luck in these things.
There's a reason why government background checks looks at financial records. Someone that has trouble paying their bills due to a gambling habit might be easy to turn by the enemy with some cash. Or someone that regularly cheats on their wife might be willing to do some favors for a pretty girl if she lets him sleep with her.
In a Goffman Front Stage/Back Stage sense, you are supposed to keep the front stage presentation on the level of a pious monk or nun.
The irony to me is this just another asymmetrical advantage for Chinese culture.
"Haha you mean the Chinese spy guy? Hey ask if you can get a discount if your secretary sleeps with their CEO haha"
Marriages of 41+ years can get into any kind of dynamic.
It's clearly the CN link and/or the cosying up with a customer that is the problem; the board would not care about his private life (and neither should the public, tbh).
And the open letter sounds more like it was written the way the public would expect a CEO to write.
His open letter about his infidelity seems to imply he has embarrassed his wife and family, have you read it?
He has also said so very many times in so very many ways that Nvidia was absolutely not involved in violation of export control laws regarding the export of its products to China. That -in fact- there was absolutely no smuggling going on and claims to the contrary were utterly baseless and without merit.
I agree with ohnnyApplePRNG's assertion that we know literally nothing about the private life and situation of Mr. Huang and his family.
> we know literally nothing
He "literally" wrote about how his actions hurt his family, I'm not sure why there's a second account parroting the exact same phrase.
Uh... but we do!
---
I owe my family and all of you an apology.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it.
To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust.
To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence.
Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American.
My family bears no responsibility for my choices. I do. Please give them privacy.
Jensen
---
Source: https://nvidianews.nvidia.com/news/a-message-to-our-company
Don't get me wrong, I'm very much a promoter of monogamy.
I think it is naive to assume that such public statements are the whole truth of a matter.
People who fuck up a company (or have an affair, or get caught snorting drugs off a sex-worker) aren't really 'stepping back to spend more time with their families'. Historically the classic example of executive public statements.
Yes, and it would have helped. CEOs have "exciting" relationships all the time, and folks seem entirely willing to accept this.
These are entirely different stories:
"My wife and I have a non-traditional relationship and would prefer to keep the specifics private, but no harm was caused by my actions."
"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry."
If you have stronger evidence that the statement was untruthful when it said he hurt his family, you may present it.
Until such time, the statement strengthens the bayesian prior, which is that his affairs hurt his family, and thus that is what we can conclude. We need not be 100% confident to conclude this absent further evidence. >50% confidence suffices.