> "XXX is being investigated" implies there's some kind of possible wrongdoing here
A Board independently investigating its CEO with outside counsel absolutely communicates they think he may have fucked up. You don't do that in the normal course of affairs.
No - this is not true.
They are not 'investigating the CEO' - they are investigating the situation.
In the press release they are investigating the fat that Jensen 'was the target of an operation'.
I think the misrepresentative nature of your comment proves my point.