Nvidia's Board Is Reportedly Preparing to Oust Jensen Huang. When Intel and McDonald's Pushed Out CEOs Over Workplace Relationships, Shareholders Got Opposite Results
24/7 Wall St. weighs what Nvidia's board might do about a reported plan to oust CEO Jensen Huang after he told employees he had been unfaithful, by looking at how Intel and McDonald's fared after pushing out CEOs over workplace relationships. The Wall Street Journal reported the board could meet within days, Nvidia stock fell 7.4% after hours with no named successor, and the outlet argues the outcome hinges on naming a successor quickly, advising holders to trim oversized stakes.
