He didn't resign because of two affairs. He resigned because there were a LOT more than two affairs. I'm sure they wouldn't stop coming after enemies and the press smelled blood in the water.
..and because American culture is really prudish about that.
The French and Italians wouldn't blink an eye. Us Brits, we'd talk about it, he's get a slap on the wrist but wouldn't be sacked.
It seems to be a uniquely American thing that the CEO can basically do anything (lie, cheat, fraud etc) just as long as he doesn't get caught with his pants down.
Prudish about affairs with spies? Or about affairs with people who, if they break off the relationship could lose their jobs (or if they continue it they could get promoted)?
These aren't just affairs.
Also, fraud remains to be seen, and shopping chips to China sure seems like questionable judgement.
When you engage in an affair with a superior you have more leverage than you think. Yes you could lose your job, but if you lose your job you have nothing left to lose and can fuck up their life if you have the right evidence.
The French would not blink with an eye about a spy spying on the top tech company of the country? The French intelligence would probably got her killed.
The second one was a direct report to him, and I wouldnt be surprised if he granted her favors in exchange for the sex (whether it was "promised" or not) typically no executive 'survives' having an affair with a direct report and stays in the company.
Who you have an affair with matters more, in this case a Chinese spy wasn't enough, which almost makes you think, he was not the only one at Nvidia who knew.
The "nVidia are selling chips to China" thing wasn't exactly a secret though. It was all over Twitter and the tech/investment communities I was in. And in the gamer communities (as we're pissed at how nVidia and the rest of tech have screwed us).
What you know and what you can prove are not the same.
What we can prove in the near future likely changed a bit when Congress went to the Dems a few days ago. Republicans weren't gonna make a scene about their $25M donation to the ballroom project.
It's not just that they were selling through China, but that they bribed their way through the Trump admin's efforts to investigate it. But even that was partly known, it's just everything is now coming up all at once, making it so obvious he had to take a fall.
Jensen, even after decades, remained deeply involved in many operational decisions with 40+ direct reports. He had a long-term mindset, investing heavily in Tegra and CUDA in 2009-2010, even as he was plagued by write-offs from faulty chips.
This is a terrible decision for NVIDIA and the broader economy. Jensen gets to retire with $100B+ and not deal with the crap.
He is at retirement age and a zillionaire. So he is going to start cashing as he is no longer required to report the sale of the stock. He is going to liquidate.
Gates did it too and they still think he is a guru which he never was by the way; all of them are into this stuff when the hit their 50s feeling left out of the game while accumulating zillions.
Financially, this is probably the best thing that could’ve happened to him…even with the almost assured impending divorce. Wonder if he’s gonna start a new chip company.
The French and Italians wouldn't blink an eye. Us Brits, we'd talk about it, he's get a slap on the wrist but wouldn't be sacked.
It seems to be a uniquely American thing that the CEO can basically do anything (lie, cheat, fraud etc) just as long as he doesn't get caught with his pants down.
These aren't just affairs.
Also, fraud remains to be seen, and shopping chips to China sure seems like questionable judgement.
I think you are too narrowly focused.
he resigned because there's some proof that he knew that nvidia was selling cards/chips to china -- the affair only made that extremely public.
https://www.reuters.com/sustainability/boards-policy-regulat...
https://www.cnbc.com/2018/02/06/lululemon-ceo-laurent-potdev...
https://fortune.com/europe/2024/06/11/bp-managers-given-ulti...
Now cheating on your wife with a FOREIGN SPY, yea that's a big deal no matter what the country.
American CEO would get meetoed. Any sort of sex (even consensual) is illegal, if you have no way to prove it! Lets way a few weeks...
Who you have an affair with matters more, in this case a Chinese spy wasn't enough, which almost makes you think, he was not the only one at Nvidia who knew.
What we can prove in the near future likely changed a bit when Congress went to the Dems a few days ago. Republicans weren't gonna make a scene about their $25M donation to the ballroom project.
Not particularly new situation in the recent US times. Far from the last time this will happen.
This is a terrible decision for NVIDIA and the broader economy. Jensen gets to retire with $100B+ and not deal with the crap.
The criminal ones might, though.