The board, made of 10 members, only has 3.94% of Nvidia share in total, out of which 3.58% is owned by Huang.

Meaning that the 9 people pushing him out add up to own 0.36% of Nvidia share, only 0.36%

This is betray of shareholder interest. The board doesn't own Nvidia, this is not their business, yet only they can vote. they just want to finish as soon as possible, and you get a mad result.

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tacticalturtle 2 days ago | parent | next [-]

The board of Nvidia is elected by the shareholders.

Shareholders voted on them in June:

https://www.sec.gov/Archives/edgar/data/1045810/000104581026...

	▲	meowlamoon 2 days ago \| parent [-]
		They have the legality, but this particular decision is still a betrayal. Just look at the stock price plunge after he resigns, and I think this is structural in loss of company value instead of temporary sentiment. He IS the company's value.

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cochne 2 days ago | parent | prev [-]

If the board cannot fire the CEO they are not really a board