Huang quits, leaving Nvidia with tn-dollar question

On Thursday morning, tech giant Nvidia announced that CEO Jensen Huang had resigned from the company. Colette Kress, Nvidia's longtime chief financial officer, will serve as CEO while the board searches for a permanent replacement. By the end of the day, reports emerged that Huang had been involved in multiple extramarital affairs, leading to a coalition of investors and fellow CEOs supporting the founder's departure.

This marked the end of an era in American politics, as Huang's resignation highlighted the deep-rooted belief in the cult of the founder and the immense impact of his leadership on the tech industry. Born in Taiwan and sent to the United States at age 9, Huang transformed Nvidia into the world's largest company over three decades, generating a 700,000 percent return on its stock.

His charismatic and personalistic leadership style was integral to the company's success, particularly during a time exemplified by President Donald Trump and Silicon Valley's cult of the founder. Despite the value that the cult of the founder has brought to the tech industry, it has also led to the creation of billionaires and centi-billionaires who have used their wealth and influence to lobby for their interests, often at the expense of other companies and the public.

Huang's resignation serves as a poignant reminder of the tragic consequences of this belief system, as the company he founded faces a new chapter without its founder.