That certainly won't be the conclusion of the board as less surprising firing Jensen - stock-wise the best-performing CEO of this decade so far - affects the stock way more negatively than sex affairs with spies and employees made public because shareholders don't care about your sexual moral or code of conducts for regular employees (of which neither Jensen nor Kimberly were). So there is more to it than the public will be let known.

If the Huang has a secret relationship with a report then he's in a lot of trouble and the company is in some trouble. If the companies response to that relationship is to do nothing - now the company and Huang are both in a lot of trouble. Heck the problem with the first affair isn't the is she or is she not a spy - if Huang could convincingly argue that he didn't know then he's a victim - the problem is having a relationship with a customer, that's actually not much better then with a report.

I also think the info the board used to make that determination is not yet public