Falling for the Wrong Dame - Smart Men, Ranging from Jensen Huang to Leon Black
Nvidia stock futures are down about 5%. And Jim Cramer warns not to buy when the market opens since it'll probably go down more.
Again, a leading corporation is in freefall, at least temporarily, because the leader fell for the wrong dame. In this case, it's CEO Jensen Huang's affair with much-younger Chinese woman Alice Huang. Beyond the matters of the heart, there's the allegation that his romantic partner is a spy for China.
Currently, the story is that the CEO was "targeted." That is, he was conned in the oldest way men are. But, come on, beneath the surface could be the possibility that he was somehow a participant in the alleged wrongdoing. So, we wonder: What did this leader know and when did he know it.
Also, Apollo co-founder Leon Black lost his heart to the wrong woman - Guzel Ganieva. Although that ended years ago, so far, he hasn't been able to shake the reputational damage. Bestselling "Money To Burn" by William Cohan includes that saga of lousy press and a ton of litigation, along with bills for legal services. The giant in finance is brought down to the same-old cliche of risking it all to be with a younger woman. A comical snippet is having her, at lunch, sign the NDA.
Aging is hard on all of us humans. But it seems to be unbearable without the prop of a younger romantic partner for men who achieve so much.
In coaching, of course, I warn all genders about the perils of not accepting the loss of youth.
UPDATE:
Yale's Jeffrey Sonnenfeld gives Huang a 50% chance of holding on to his job. I give it zero. The issues are too complex and serious. The only ambiguity and prediction markets can play with that one is this: When will Huang step down?
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