Investor and former Coinbase Chief Technology Officer Balaji Srinivasan asserted on X on Sunday, November 15, that Nvidia's former CEO, Jensen Huang, could easily be reinstated, suggesting the current board lacks legitimacy.
Srinivasan's comments come during intense scrutiny of Nvidia, which has been at the center of a "Nvidia Scandal" dominating discussions on X.
Srinivasan's view implies that a shareholder-led movement could force a leadership change, citing Nvidia's bylaws that allow shareholders with at least 15% of votes to demand a special meeting to remove directors.
Investor and former Coinbase Chief Technology Officer Balaji Srinivasan asserted on X on Sunday, November 15, that Nvidia's former CEO, Jensen Huang, could easily be reinstated, suggesting the current board lacks legitimacy. Srinivasan posted, "All has to do is tweet that he wants to be reinstated as CEO and gears will start moving. If Jensen says he wants back in, all of Nvidia and indeed the global AI ecosystem is still wired around him." He further claimed that "The coup has no legitimacy. The anti-Jensen board members will immediately step down or likely be legally forced out."
Srinivasan's comments come during intense scrutiny of Nvidia, which has been at the center of a "Nvidia Scandal" dominating discussions on X. The company's stock has faced pressure, with NVDA trading at $162.85, down 2.0% today. Recent Gokhshtein Media coverage includes Michael Burry's criticism of Nvidia's revenue reporting and Jason Furman's warning of a potential 25% stock market decline in the AI bubble, indicating broader market concerns about the AI sector and Nvidia's role within it.
Srinivasan's view implies that a shareholder-led movement could force a leadership change, citing Nvidia's bylaws that allow shareholders with at least 15% of votes to demand a special meeting to remove directors. He also suggested that the current board would be "held responsible for $1T in market cap erased" if they resist Huang's return. This perspective suggests that the ongoing corporate governance dispute at Nvidia could see further escalation, with potential for significant shifts in leadership and market valuation depending on shareholder action and Huang's potential response.
“All @JensenHuang has to do is tweet that he wants to be reinstated as CEO and gears will start moving. If Jensen says he wants back in, all of Nvidia and indeed the global AI ecosystem is still wired around him. The coup has no legitimacy. The anti-Jensen board members will immediately step down or likely be legally forced out. Under Nvidia’s bylaws, shareholders with at least 15% of votes for one year can demand a special meeting to remove sitting directors (requiring a simple majority with cause, or a 2/3 supermajority without) and elect a new board. And anti-Jensen board members know they’ll be held responsible for $1T in market cap erased if they hold out against the Jensen restoration. But these are NPCs, so they’ll buckle quickly. Trump also realizes there’s no way that removing his top AI CEO, namely Jensen Huang, will somehow keep him on top in AI (sorry, SI). He can overrule any lieutenant who pushed too far in their attempt to do to Jensen Huang what Xi did to Jack Ma. This 'spy' nonsense is just like Russiagate, the exact kind of fake story that Trump himself was subject to, so he gets it. After all, there’s really only a tiny minority of evil conspirators in media and politics who actually wanted Jensen Huang out of the company he built from scratch. Almost everyone else in tech, both inside and outside Nvidia, from billion dollar funds to unicorn founders, admires and respects one of the greatest CEOs of all time. Jensen just has to ask for his company back. And an army will rally behind him.”
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