Nvidia’s (NVDA.O), opens new tab board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The board is preparing to meet as soon as Wednesday to determine his future, the report added.
More in general, a system where how much money one has dictates how much power one’s vote has with some having millions of times more power than others, isn’t democratic, though the correct word for it is Oligarchy rather than Dictatorship.
There is no such thing as Shareholder Democracy.
People expecting even publicly traded companies to be democratic are probably just blindy following ideas about companies that they were subtly propagandized into believing, rather than having really properly pondered on the subject and formed their own ideas.