Nvidia Board Prepares to Oust Jensen Huang Amid Escalating Scandal

Nvidia CEO Jensen Huang faces a potential ouster by his own board just as new allegations of workplace misconduct emerge. The Wall Street Journal reported that the board is preparing to remove Huang following a New York Times report detailing a second alleged extramarital affair with Kimberly Powell, the company’s vice president of health care.

Five internal employees told the Times that Huang and Powell were captured on video being affectionate at a San Jose hotel during a conference earlier this year. Both executives are married, and corporate policy discourages romantic relationships between superiors and subordinate employees. This new scrutiny compounds an existing investigation into Huang’s publicly admitted affair with a woman accused of being a Chinese spy.

Two House Republicans announced Wednesday that Congress is preparing to subpoena Huang if he fails to voluntarily attend a closed-door briefing regarding those spy allegations. Nvidia’s board already initiated a separate investigation into the initial spy controversy before these latest revelations surfaced from internal sources. Our read: This rapid cascade of scandals suggests that a corporate governance crisis at the top of a critical semiconductor giant can trigger political intervention far faster than internal HR policies ever could.

Watch to see if Congress issues that formal subpoena or if the board successfully forces out the co-founder who has led the company since 1993.