BREAKING: Nvidia chief executive Jensen Huang had an extramarital relationship with Kimberly Powell, the company's vice president of health care, who reports to him, according to 5 people who worked at Nvidia, The New York Times reports.
Jensen Huang, 63, and Powell, 48, were filmed being affectionate at a San Jose hotel during Nvidia's conference in March, 2 of those people told the paper.
The Times has not seen the video. 3 people briefed on the incident said Jensen’s security sequestered the bystander who filmed it and offered a nondisclosure agreement.
Asked about Powell, Jensen told the Times, "I don't think you should be talking to me directly," and hung up. Nvidia declined to comment. Powell did not immediately respond.
Nvidia shares fell more than 3% after hours, CNBC reported.
It lands days after Jensen admitted an affair with a woman U.S. intelligence determined is a Chinese spy, according to the Times.
China denies the claims.
Nvidia's board already has Wachtell, Lipton, Rosen & Katz investigating that relationship.
The first story was a security question. This one is a governance question, and boards have answered it before.
In June 2018 Intel's chief executive Brian Krzanich resigned after counsel confirmed a past consensual relationship with an employee broke a policy covering all managers.
Nvidia's code of conduct tells staff to avoid conflicts including "personal relationships". The reporting line and the nondisclosure offer are now on the board's desk.
My call is that Jensen Huang is still chief executive when Nvidia reports results on 17th November, US time.
Nvidia has said he stays in the role during the review, and Intel acted only after counsel confirmed a breach. I am wrong if Jensen resigns, is removed or goes on leave before the results release.
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