Nvidia board considers firing CEO Jensen Huang over alleged affair
The Nvidia board is meeting today to decide whether to dismiss CEO Jensen Huang following reports of a second alleged extramarital affair involving an executive at the company.
Board meets on Huang future
Nvidia's board will convene as soon as today to determine Jensen Huang's future at the firm, according to The Wall Street Journal. This decision comes after reports from The New York Times detailing a second alleged affair with Kimberly Powell, the vice president of health care. The two men, who are each married to someone else, were reportedly taken into custody jointly at a San Jose hotel while the GTC developer conference took place in March. Two unnamed sources told The Times about the incident, though the publication has not seen any video evidence of the encounter.
Stock drops amid scandal rumors
Nvidia stock fell more than 7 percent in after-hours trading on Wednesday following the confirmation of an extramarital relationship with Alice Huang, an executive at Megaspeed. The company retained former US attorney Joon H. Wachtell Lipton Rosen Katz, the firm of Kim, will manage the investigation this weekend. Rumors about a potential affair between Powell and Huang had long circulated internally, partly because Powell lacks a health or science background. Crisis communications firm Heller handled public sex scandals for figures like Anthony Weiner before last year when Nvidia hired them.
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