Luckily, Cook came out of the closet back then rather than cheating on his partner. Otherwise, Apple might not have been able to hold on to its No. 1 spot by market cap.
Microsoft, Amazon, and Nvidia $NVDA have all had cheating scandals. Apple, on the other hand, was badass enough to have its CEO come out—no board investigation, and no impact on the stock price.
After the market closed on November 11, The New York Times reported that another name had been added to Huang Renxun’s list of affairs. You shouldn’t get involved with people close to home, but Huang had an extramarital relationship with one of his direct reports.
The board is preparing to discuss the matter and may even remove him. It’s also already looking for a new CEO. If Huang is forced to leave, Nvidia’s stock could fall by another 10% or more.
- On November 8, the board launched an independent investigation into reports related to foreign intelligence.
Huang emailed employees that day, admitting he had been unfaithful to his wife.
- During trading on November 11, Baird downgraded its rating to Neutral and cut its price target from $500 to $200. The downgrade came before the after-hours report.
- On November 12, Nvidia fell 8.61% after hours, to $158.78.
Microsoft, Amazon, and Apple make useful historical comparisons. What man never makes a mistake? 😂
In 2021, Microsoft’s board investigated Gates’s relationship with an employee about 20 years earlier. He left the board in March 2020. Gates’s side acknowledged the extramarital affair, but said his departure had nothing to do with it.
When Bezos’s affair and divorce became public in 2019, they were private matters unrelated to the company. On the trading day after the news broke, Amazon fell about 2%, roughly in line with the broader market.
Cook publicly came out in a 2014 Bloomberg Businessweek article. The board publicly supported him at the time. Apple is still the world’s largest company by market cap, at around $5.1 trillion.
Nvidia has had the steepest fall following a coming-out-or-cheating scandal: from $193 to $158, down 18%, wiping out a trillion dollars in market value. Huang, Huang—your affair sure came at a steep price.
Microsoft, Amazon, and Nvidia $NVDA have all had cheating scandals. Apple, on the other hand, was badass enough to have its CEO come out—no board investigation, and no impact on the stock price.
After the market closed on November 11, The New York Times reported that another name had been added to Huang Renxun’s list of affairs. You shouldn’t get involved with people close to home, but Huang had an extramarital relationship with one of his direct reports.
The board is preparing to discuss the matter and may even remove him. It’s also already looking for a new CEO. If Huang is forced to leave, Nvidia’s stock could fall by another 10% or more.
- On November 8, the board launched an independent investigation into reports related to foreign intelligence.
Huang emailed employees that day, admitting he had been unfaithful to his wife.
- During trading on November 11, Baird downgraded its rating to Neutral and cut its price target from $500 to $200. The downgrade came before the after-hours report.
- On November 12, Nvidia fell 8.61% after hours, to $158.78.
Microsoft, Amazon, and Apple make useful historical comparisons. What man never makes a mistake? 😂
In 2021, Microsoft’s board investigated Gates’s relationship with an employee about 20 years earlier. He left the board in March 2020. Gates’s side acknowledged the extramarital affair, but said his departure had nothing to do with it.
When Bezos’s affair and divorce became public in 2019, they were private matters unrelated to the company. On the trading day after the news broke, Amazon fell about 2%, roughly in line with the broader market.
Cook publicly came out in a 2014 Bloomberg Businessweek article. The board publicly supported him at the time. Apple is still the world’s largest company by market cap, at around $5.1 trillion.
Nvidia has had the steepest fall following a coming-out-or-cheating scandal: from $193 to $158, down 18%, wiping out a trillion dollars in market value. Huang, Huang—your affair sure came at a steep price.
