LatePost: Jensen Huang Becomes 11th S&P 500 CEO to Lose Job Over Personal Relationships Since 2000

According to ChainCatcher citing LatePost, Jensen Huang resigned as NVIDIA CEO following a personal relationship scandal, making him the 11th S&P 500 CEO since 2000 to lose his job over personal relationships. Eight of the 11 departures occurred after the 2017 MeToo movement. Huang had the longest tenure among them, at 33 years and seven months, and led the company with the largest market capitalization, about $4.18 trillion. He held less than 3.4% of NVIDIA shares and had no super-voting rights, limiting his ability to counter the board. The report said geopolitical factors may also have contributed to his departure. Semiconductor research firm SemiAnalysis estimated that more than 1.5 GW of restricted NVIDIA GPUs had flowed into banned markets and said the U.S. intelligence community was an important force behind Huang’s exit. After the news, NVIDIA shares fell as much as 14.4% before closing down 4.3%. Huang directly managed 60 reports and built NVIDIA’s CUDA ecosystem, while backing AI GPU investments despite shareholder opposition. He also invested in or guaranteed financing for customers. As of the second quarter, NVIDIA’s off-balance-sheet guarantees exceeded $530 billion. Interim CEO and CFO Colette Kress reportedly disagrees with some of the company’s strategies. NVIDIA now faces the challenge of sustaining its competitiveness and growth without its founder.