Nvidia shares plunge 10% in pre-market trading after board ousts longtime boss Huang over two affairs, including with a suspected Chinese spy, in big blow to AI boom
Too big – and too well-connected – to sack?
Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate governance wonks outside the US.
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