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meowlamoon • today at 2:23 PM • 2 replies • view on HN

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.


Replies

tacticalturtle • today at 2:38 PM

The board of Nvidia is elected by the shareholders.

Shareholders voted on them in June:

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

➕ show 1 reply
cochne • today at 2:29 PM

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