Jensen Huang to forfeit US$108 million in Nvidia equity after resignation, with shares falling and billions wiped from his net worth. Read more at straitstimes.com.

Jensen Huang to forfeit US$108 million in Nvidia equity after resignation, with shares falling and billions wiped from his net worth. Read more at straitstimes.com.

Jensen Huang to forfeit US$108 million in Nvidia equity after resignation, with shares falling and billions wiped from his net worth. Read more at straitstimes.com.

The company's equity compensation policy specifies that unvested RSUs, or restricted stock units, are forfeited once an executive terminates continuous service.

Nvidia's board met into Wednesday evening to decide whether CEO Jensen Huang, who led the chipmaker for more than 30 years, should remain in his job following the Chinese spy scandal and allegations of a second affair with a company Executive. Stock analysts who follow the company's every move commented on the situation just hours before Huang's ouster.

Colette Kress, Nvidia's new interim CEO, has a long resume in the tech world.

Reuters reports that former Nvidia CEO Jensen Huang had an intimate relationship with a third woman (source paywalled; alternative source ), an unnamed Nvidia employee. The revelation follows reports of two other extramarital affairs: one with Nvidia VP Kimberly Powell and another with Alice Huang, ...