Don’t Remove a Legendary Founder Before the Facts Are In: NVIDIA’s Board Risks a Historic Mistake
Unless there's a lot of information beneath the surface we don't know...
$NVIDIA(NVDA)$ board have got this horribly wrong.
1. 2019: Bezos had an affair. His team claimed a foreign government got his private messages. A personal scandal with a foreign-state angle. He stayed on as $Amazon.com(AMZN)$ CEO for another 2 years.
2. 2023: Altman was fired over a weekend. He was then back within 5 days after an outside review found his conduct didn't require removal.
$NVIDIA(NVDA)$ it seems haven't even got to this stage of a completed investigation than Jensen said he would fully cooperate with.
3. 2018: Elon got sued for securities fraud and was being forced out of any public company. Two days later Musk and the board took a middle path instead of losing him and he remained as $Tesla Motors(TSLA)$ CEO.
4. 2028: Zuckerberg $Meta Platforms(META)$ got caught in the middle of the Cambridge Analytica scandal with 87 million users data harvested. A $5B fine was paid by Facebook. Zuck has crushed it ever since.
5. 2010: HP and Mark Hurd... $HP Inc(HPQ)$ pushed him out over expense reports. Ellison called it the worst decision since $Apple(AAPL)$ fired Steve Jobs. Stock price now is barely any higher than 2010.
By all means investigate...but don't remove a legendary founder/leader before all the facts are in.
So far...based on the facts we have now...this could go down as one of the worst board decisions in the AI revolution.
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