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When the boss has an affair, the whole family business can pay the price

Fallout from ex-Nvidia CEO Jensen Huang’s affair is the latest reminder of the shared toll paid when patriarchs cheat From Profumo to Petraeus to Gary Hart , Bill Gates and Bill Clinton , history is littered with older men in positions of great responsibility having affairs with mostly younger women that put their jobs, businesses and reputations at great risk. Now we have the former Nvidia CEO,…

When the boss has an affair, the whole family business can pay the price

Affairs by high-profile men at the helm of their businesses have far-reaching consequences, as evidenced by the case of ex-Nvidia CEO Jensen Huang. This isn't the first time powerful men have engaged in affairs, with similar situations involving Bill Clinton, Gary Hart, and others. The fallout can be devastating, affecting not only the individuals involved but also the families and businesses.

Huang's family, especially his children and son-in-law, who hold significant positions at the company, are bearing the brunt of his indiscretion. The shock of such behavior in the workplace can create a tense environment, especially when employees and their families work in the same business. In smaller companies, the impact can be even more severe, as almost a third of the nearly 34 million small businesses in the US are family-owned.

Given these statistics, it's likely that many other parents in similar situations are experiencing the same anguish. As employees, the children of these family business owners may not have direct reporting lines to their parents, but they are still closely monitored due to their familial ties and potential future leadership roles. The actions of their parents, though personal, can reflect on them and their work ethic.

While it's easy for outsiders to judge these parents, it's essential to remember that they've already benefited from the privileges of being the children of a business owner. They likely had opportunities that others wouldn't have in such a situation. It's up to them to learn from their mistakes and demonstrate that they can maintain professionalism, even in the face of such personal challenges.

Written by urgent.news from Guardian Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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