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BackShared by famous experts~Zhao Xiaohui"Huang Renxun is miserable! Double extramarital affairs revealed, the position may not be guaranteed ~
Shared by famous experts~Zhao Xiaohui"Huang Renxun is miserable! Double extramarital affairs revealed, the position may not be guaranteed ~
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自由时报11 minutes agoBusiness3 min readChinaView original

Shared by famous experts~Zhao Xiaohui"Huang Renxun is miserable! Double extramarital affairs revealed, the position may not be guaranteed ~

Kimberly Powell, vice president of Huida's healthcare business, is accused of having an extramarital affair with Jen-Hsun Huang, and the board of directors may initiate the process of replacing the CEO

Quick Look

  • The New York Times reported that in addition to previously exposed extramarital affairs, Huida founder and CEO Jen-Hsun Huang was also accused of having an affair with Kimberly Powell, vice president of the healthcare business.
  • The article pointed out that having an extramarital affair with an internal subordinate is an almost unforgivable red line in the governance of U.S. listed companies, which may trigger the board of directors to initiate the "replacement of the CEO" process, trigger a shareholder class action lawsuit, and shake Huang Renxun's status as CEO.

AI-generated summary

Why It Matters

The article quoted a report from the New York Times, pointing out that in addition to the previously exposed extramarital affair, Huang was also accused of having an affair with Kimberly Powell, Vice President of Huida Healthcare Business. The article uses the examples of former Intel CEO Krzanich and former McDonald's CEO Easterbrook who stepped down due to inappropriate relationships with subordinates, demonstrating that such behavior is an almost unforgivable red line in the governance of U.S. listed companies.

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Huang Renxun is miserable!

Another affair broke out. Previously, Huang Le could barely be excused on the grounds of national security that "the American high-tech giant was seduced by the Chinese Communist Party." However, the second affair was with a subordinate within Huida. This is difficult to excuse. Huang Renxun's personal morality has serious problems, and his high-quality character has collapsed.

The New York Times reported that in addition to the previously exposed extramarital affair, Huang was also accused of having an extramarital affair with Kimberly Powell, vice president of NVIDIA's healthcare business.

Kimberly Powell, vice president of Huida Healthcare, was revealed to be Huang Renxun’s junior. (Picture taken from Global Health Innovation Platform and Conference)

In the Huang Le case, Huang Renxun could still position himself as a victim of a national security incident, someone who was carefully set up by overseas intelligence assets and fell into a trap due to business negotiations and emotional loneliness. In exchange for a certain degree of understanding from the U.S. Congress and the judiciary, the core focus was directed to "counterintelligence defense."

But the second extramarital affair was a fatal blow. The affair with an internal executive did not involve external intelligence infiltration at all, but was purely a matter of Huang Renxun's personal ethics. This would trigger the board of directors' institutional red line of "removing the CEO."

In the corporate governance code of U.S. listed companies, it is almost an unforgivable red line for a CEO to have an unethical relationship with a direct subordinate or a senior executive. In the past, former Intel CEO Brian Krzanich and former McDonald’s CEO Easterbrook were directly resigned because of this.

Former Intel CEO Krzanich (right) and former McDonald's CEO Easterbrook (left) both stepped down due to inappropriate relationships with subordinates. (Reuters, European News Agency, combined by this newspaper)

The board of directors must immediately review whether the vice president's salary adjustment, bonus distribution, resource allocation and job promotion were affected by personal affairs, which can easily trigger a class action lawsuit by shareholders.

Under the attack of Huang Renxun's double extramarital affair scandal, if Huida's board of directors continues to unconditionally protect Huang Renxun, the independent directors themselves will face serious breach of duty and fiduciary responsibility prosecution, forcing the board of directors to seriously launch a "succession plan" or to evacuate Huang Renxun's daily management power.

The image of "Leather Godfather" that Huang Jen-Hsun has established over the past few decades is that of a dedicated, family-oriented, hard-working man. This has brought Huida a very high brand premium and employee cohesion, and is considered the pride of Taiwan.

Nowadays, the serial collapse of his personality has not only caused a serious crisis of trust among internal employees in the company culture and workplace fairness, but also caused the allies who originally helped him in Washington to completely lose the moral basis to endorse him.

The two fires burning at the same time are no longer just a public relations crisis for Huida, but a battle for survival that directly affects whether Huang Renxun can continue to hold the position of CEO.

The image of "Leather Godfather" Huang Jen-Hsun as a good family man has collapsed. This double extramarital affair is not only a public relations crisis for Huida, but may also shake his position as CEO. (File photo)

(The author is CEO of Zhujian Cultural and Creative Industries)

This article is reprinted from Zhao Xiaohui’s Facebook with permission

What to Watch

AI outlook — possibilities, not facts

  • Huida's board of directors will launch an investigation into Huang Renxun and may launch a "succession plan" or evacuate his daily management power

    Likely · Within weeks

  • Shareholders may file class action lawsuit against Huida

    Possible · Within months

Open Questions

  • What are the specific details and evidence of the New York Times report?
  • Does Kimberly Powell respond to these accusations?
  • Has Huida's board of directors initiated investigation or removal procedures?
  • Have shareholders filed a class action lawsuit?

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This article was originally published by 自由时报.

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