Enterprise
Women still not a priority for global companies, IBM survey finds
It’s time for a change
It’s already 2021. Following the political climate recently, you’d expect better gender parity in the workforce. Unfortunately, the world is still reckoning with inequality. According to an IBM study, gender parity is still not a priority for global companies. Women don’t have as much high-ranking positions as they did in 2019.
In the study, IBM surveyed various businesses all over the world. According to their findings, 70 percent of global companies still don’t prioritize creating parity between men and women in the workforce. In fact, 62 percent of women and 60 percent of men don’t believe that their respective companies will improve the situation in the next five years.
Unfortunately, the disparity exists even with various parity programs created within the past few years. These initiatives have not translated into anything tangible for the workplace. Despite the initiatives, the world’s mindsets still have not changed throughout the years.
Currently, there are fewer women in high-ranking positions compared to 2019. Further, there hasn’t been any positive change for lower positions. In terms of salaries, women, especially women of color, still don’t enjoy the same salary as men.
If anything, the recent upsurge of Black Lives Matter can cause another rise in parity. Unfortunately, regardless of any initiatives at this point, gender parity is still a major problem. If equality wants to improve, the world still has a long way to go.
Enterprise
NVIDIA CEO Jensen Huang resigns after scandals
NVIDIA’s week is finally and mercifully coming to an end. After being implicated in two extramarital affairs, now-former NVIDIA CEO Jensen Huang has resigned from his position.
It’s been a terrible week for Huang’s personal life. Last weekend, a bombshell report revealed that Huang engaged in an affair with Alice Huang, who is reportedly involved with Chinese intelligence. Quickly realizing the heaviness of the allegations, the CEO admitted quickly to the affair.
However, barely 24 hours ago, another report revealed that Huang had a second extramarital affair. Though he was clear of any more espionage allegations, his romantic affair of choice was another executive within the company. NVIDIA’s board of directors quickly debated whether Huang should be fired for his actions.
Now, Huang has voluntarily resigned from his position. The former CEO leaves behind his spot at the head of the table since cofounding NVIDIA in 1993.
In his stead, the board of directors have named incumbent CFO Colette Kress as the company’s interim CEO while the board searches for a permanent replacement. Despite her interim role, Kress will continue her duties as CFO.
Additionally, the board has named Harvey C. Jones, a member of board since its founding, as its first chair of the board.
Though the company will leave most of the controversy behind with Huang’s departure, its next chapter is about to begin. Will its new direction maintain the company’s tenuous balance between AI and gaming, or tip the scales towards one segment?
SEE ALSO: NVIDIA CEO admits to having an affair with alleged Chinese spy
Enterprise
NVIDIA might fire CEO Jensen Huang after alleged second affair
This time, it’s with an executive within the company.
After a horrendous first half of the week for the company, NVIDIA continues its string of bad luck after a new report alleges that CEO Jensen Huang engaged in a second extramarital affair with an executive within the company. As a result, the company is reportedly preparing to oust Huang from his position.
Early this week, a bombshell of an allegation implicated Huang in an extramarital affair with a supposed agent of Chinese intelligence. Soon after, Huang admitted to having an affair but declined to comment about the spy allegations. Because of his admission, NVIDIA decided to start an internal investigation into Huang’s activities but remained confident in Huang’s ability to continue leading the company.
Though the investigation has not concluded yet, a new report is further rocking the company. According to The New York Times, the same outlet that first reported on the Chinese spy allegations, Huang was involved in a second extramarital affair with Kimberly Powell, NVIDIA’s vice president of healthcare products. She reports directly to Huang.
Based on the Times report, bystanders caught the couple being intimate in public but were offered to sign an NDA about what they saw. Both Huang and Powell are notably married.
After the recent findings, NVIDIA’s board reportedly met to discuss Huang’s future, according to the Wall Street Journal. The board of directors is supposedly preparing to fire Huang. The CEO’s controversies have caused the company’s stock value to drop. The problem, however, is that Huang does not have a clear successor, leading the company into potential limbo once he’s ousted.
SEE ALSO: NVIDIA CEO admits to having an affair with alleged Chinese spy
Enterprise
NVIDIA CEO admits to having an affair with alleged Chinese spy
The company is currently investigating the allegations.
In one of the craziest headlines this year, NVIDIA CEO Jensen Huang has admitted to having an affair with an alleged Chinese spy.
Over the weekend, a heavy allegation claimed that the NVIDIA CEO had a relationship with a person actively involved in Chinese intelligence. Since Huang is involved in business globally, the accusation isn’t a light one. In fact, it’s serious enough that Huang admitted to the affair late this past Sunday.
In an internal letter reported by Associated Press, the CEO acknowledged the existence of the affair with a business executive. Of note, Huang did not confirm the executive’s ties to Chinese intelligence. NVIDIA, however, will conduct its own investigations regarding the allegations. Despite the allegations, Huang will remain as the company’s CEO. The company is also confident that the alleged spy did not compromise NVIDIA’s secrets.
According to The New York Times, the executive, Alice Huang, was reportedly feeding information back to Beijing, despite being an executive of the Singapore-based Megaspeed, which is already a serious customer of NVIDIA.
Now, NVIDIA is currently in a prime position when it comes to the industry today. Formerly a huge proponent of gaming peripherals, the company is now one of the biggest names in AI hardware, allotting a lot of its products for data centers. Huang’s allegations come at an interesting time.
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