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Nvidia is preparing to oust CEO Jensen
(lemmy.nz)
Nvidia's (NVDA.O), opens new tab board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The board is preparing to meet as soon as Wednesday to determine his future, the report added.
Will nvidia be a decent company without Jensen?
Why are governments and corporations so often framed as being dictatorships these days? Aside from the daft celebrity angle it attracts, it seems to just be a way of applying the blame to only one person, somewhat allowing the corporation, or political party, to get away with whatever they want.
This is in no way meant to defend Jensen, he should have been shot into space a long time ago.
They probably won’t be a decent company. They still will prioritize AI and data centers over regular consumers because it’s more profitable. Nvidia is a profit driven corporation so they will obviously take the path that guarantees them the most profit. For them, the most profitable decision would be to prioritize AI. Whenever they do get a new CEO, they will likely stay just as awful as they are now.
Some of the most powerful corporations are effectively dictatorships. Zuckerberg holds controlling interest of Meta. Controlling interest in Alphabet (Google) is held by Page and Brin. Musk dominates his boards. Ellison and Bezos maintain control over Oracle and Amazon, respectively, as overwhelmingly wealthy executive chairmen. After the OpenAI board voted Sam Altman out, which is their right, he staged a coup to keep his job, like a dictator would.
However, most corporations are properly overseen by their boards, including Microsoft and Apple.
More in general, a system where how much money one has dictates how much power one's vote has with some having millions of times more power than others, isn't democratic, though the correct word for it is Oligarchy rather than Dictatorship.
There is no such thing as Shareholder Democracy.
People expecting even publicly traded companies to be democratic are probably just blindy following ideas about companies that they were subtly propagandized into believing, rather than having really properly pondered on the subject and formed their own ideas.
Shit floats
If he’s forced to divest I’d wager the company will be broken up and divided into different entities entirely.
It is nice to have the leadership held accountable.
I'd have preferred to have Jensen on trial for the economic crash everyone can see coming, or racketeering around every kind of silicon, but I'll take someone so very publicly the face of a company getting their time in the court of public opinion; He's been such a smug asshole for the past few years. And maybe he still gets put on trial too.
I could look these up, but I don't KNOW them off the top of my head: CEO of Nestle, CEO of T-Mobile, CEO of Deloitte, etc. All companies I dislike, but their leaders aren't in the news every fucking day. Even Bezos knows to shut the fuck up.
Zuck, Musk, Altman, Ellison, Huang; It seems that in Tech, there's a hubris in leadership that feels that they embody the company. If they want to BE their companies, than they need to be accountable AS that company. But I would love a future where boards are accountable too.
Will NVidia be a decent company without Huang? Maybe... in like 2015, it was a company for people who played video games or made art. When they found higher profits in crypto and AI, they changed tracks. Are future leadership roles going to make a gaming company or an AI company? The latter is profitable right now at the cost of the future, so I don't have high hopes.
I mean, they are literally molded after military organizations. Some of the first proto Corporations were mercenary companies, and the language and organizational hierarchy they utilized have remained relatively unchanged.
Their revenue will drop by at least 7.5 billion compared to last year anyway.