Just curious, for those saying it’s no big deal, is there a number of direct reports/ subordinates a CEO is having affairs with that would cause you to have concerns about a CEO? Right now it’s 2 known. What about 5? 10? 50? (Over decades).

What if the affair was with the executive of a customer who is also responsible for redirecting assets to a hostile nation state? Would this CEO be vulnerable to blackmail? Are you sure this is the only vulnerability he has?

Is it possible the board is now privy to details and information these employees may not know? Fiduciary duty does have a meaning.

Personally, I don't care how many people he cheats with as long as they're consenting adults. The only person hurt in this situation is the wife, which is not me.

The real problem here is that he was knowingly selling GPUs to a woman who was then selling them to China. This is where he would not be fulfilling his fiduciary duty as now the company will be coming under fire for export violations.

Honestly, if the roles are all execs and they're all decamillionaires, and the company is one of the fastest growing on earth, I don't really care as a shareholder.

What's the thesis? That their nepotism harms returns? Well clearly that is not true because now that it's not happening, the stock valuation is much lower.

It's only an ethics violation with a huge age and wealth difference.

No, I would never trust a CEO with 5, 10 or 50 affairs because I just won't trust the French /s