Trump had urged Jensen Huang to fight for his job, New York Times reports

Donald Trump called Jensen Huang on Tuesday and urged the Nvidia CEO to fight for his job, according to the New York Times. Following his resignation on Thursday, President Trump suggested former Apple CEO Tim Cook as a replacement, CBS News reported. NPR stated that Huang resigned after admitting to an extramarital affair with a woman the U.S. identifies as a Chinese spy, a tactic known as a honey trap. CBS News added that the resignation followed an affair with a suspected Chinese spy.

Following his departure from the California-based chipmaker, Huang stands to lose approximately $108 million in unvested equity compensation. The Hindustan Times - World News reported this forfeiture follows company rules regarding executives who end their continuous service, rather than a separate penalty. While the Hindustan Times - World News estimated Huang's fortune at $144.5 billion, The Vibes reported his estimated wealth is US$138.4 billion.

Both The Vibes and the Hindustan Times - World News noted that Huang's wealth is derived overwhelmingly from his direct ownership of Nvidia shares, which account for nearly 97 percent of his fortune. He holds a 3.5 percent voting stake in the company. Under Nvidia's policy, Huang holds about 346,000 unvested restricted stock units and could have received approximately 310,000 shares under an equity incentive plan, subject to performance targets.

Brief written by urgent.news from New Straits Times, The Vibes, CBS News, Hindustan Times - World News, NPR — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.