Nvidia’s board is reportedly considering dismissing CEO Jensen Huang after reports surfaced of a second alleged extramarital affair. The Wall Street Journal says directors could meet as soon as the day of the report to discuss his future. The New York Times reported that Huang’s alleged relationship was with Kimberly Powell, Nvidia’s vice president of health care, who reports to him. Two unnamed sources told the Times that Huang and Powell were seen together at a San Jose hotel during Nvidia’s developer conference in March; the newspaper said it had not viewed the video said to capture them. Rumors about the relationship had circulated inside Nvidia, according to a source cited by CNBC.
The reports follow Huang and Nvidia’s confirmation of a separate relationship with Alice Huang, a Megaspeed executive alleged to be a Chinese spy, and the company’s announcement that it hired former US attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz to investigate. The prospect of board action before that inquiry concludes signals the pressure the allegations are putting on Nvidia’s leadership. Nvidia did not immediately comment, and the alleged second affair has not been independently established in the account. The company’s stock fell more than 7 percent in after-hours trading. The coverage also notes that Huang hired crisis communications firm Heller last year; the firm has advised prominent men facing public scrutiny over sex scandals.
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More than 1,600 comments have appeared on an Nvidia employee suggestion-box post urging the board to consider staff sentiment after Jensen Huang’s resignation. Several commenters called for Huang to return as CEO. (daringfireball.net)
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