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Fox's Gasparino, on Nvidia (NVDA), posts "The solution, unfortunately, is for shareholders to get screwed more in the short run before someone smart rights the old ship, which might make what we are seeing now a buying opportunity for $NVDA"

Newsquawk Staff ·

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  • "What's truly scary about the @nvidia situation is the more your scratch, the more weirdness you find at a company that is so important to the economy and the country. This is why we have rules--and laws--that say board members and CEOS have a legal, fiduciary responsibility to SHAREHOLDERS and that responsibility goes beyond stoking a hot stock and being a celebrity CEO. Stock prices are fleeting; @Apple was an amazing stock under Jobs, but it was sustained because @tim_cook knew what he was doing from a corporate gov standpoint when he took over. BTW Cook wasn't and isnt the innovator that Jobs was. But he knew how to run things--no small feat. He wasn't imperial. He knew he worked for a board and the shareholder, not himself. He didn't run Apple like his family business. He didnt run around in a leather jacket and give all these interviews with fawning reporters. He worked and worked hard, He's everything @JensenHuang apparently isn't. Yes Huang is brilliant, a decent man, who made a mistake like we all do. But his far deeper mistake wasn't having sex; it was not knowing who he worked for and acting accordingly. It's not himself; it's Mr and Mrs Shareholder who demand certain behaviors over those who they give money to. Ditto for this feckless board, which now finds itself in a real jam. The class action lawyers are circling and it appears they have a case of failure of leadership and a claim that shareholders got screwed because of that. The investigations are only just getting started and it doesnt matter if Trump and Huang are friends; this genie aint getting put back in the bottle. The solution, unfortunately, is for shareholders to get screwed more in the short run before someone smart rights the old ship, which might make what we are seeing now a buying opportunity for $NVDA. Story developing"

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