NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
I don’t care about the exact reason why he might be going to prison, nor do I really care about selling stuff to china, but what I have been excited about is the possibility of a ceo going to prison for breaking the law. If the crime happens to be selling stuff to china, so be it
The only time people in the capitalist class are truly punished in America is if they defraud other capitalists or threaten the broader imperialist policies meant to protect US hegemonic capitalism…Enron, Savings and Loans, and Bernie Madoff.
So if he receives anything, based on history, it will be because of that and would be little more than a pyrrhic victory.
Certainly not a sign that suddenly healthcare CEOs will be dragged to the firing squads for denying cancer treatments to patients to boost shareholder value. Or that America’s institutions set up to protect this system are on the cusp of a reckoning over decades of imperialist exploitation.
Yea I mean the chances aren’t high, but there are also political games going on that are giving me a tiny bit of hope. From what i’ve heard, the possible prosecutors (or whatever, I forgot who exactly has the power to put him in prison) are anti-trump republicans, who could use this case to distance themselves from trump (Jensen is a “buddy” of trump). Yea, the odds are slim, but they are probably as big as they could get
Edit: and i guess one could argue that nvidia has commited a bit of fraud, as they have used illegal means to increase revenue, thus lied about the long-term profitability of the company
I don’t care about the exact reason why he might be going to prison, nor do I really care about selling stuff to china, but what I have been excited about is the possibility of a ceo going to prison for breaking the law. If the crime happens to be selling stuff to china, so be it
The only time people in the capitalist class are truly punished in America is if they defraud other capitalists or threaten the broader imperialist policies meant to protect US hegemonic capitalism…Enron, Savings and Loans, and Bernie Madoff.
So if he receives anything, based on history, it will be because of that and would be little more than a pyrrhic victory.
Certainly not a sign that suddenly healthcare CEOs will be dragged to the firing squads for denying cancer treatments to patients to boost shareholder value. Or that America’s institutions set up to protect this system are on the cusp of a reckoning over decades of imperialist exploitation.
Restricting export of GPUs is one of those policies.
Yea I mean the chances aren’t high, but there are also political games going on that are giving me a tiny bit of hope. From what i’ve heard, the possible prosecutors (or whatever, I forgot who exactly has the power to put him in prison) are anti-trump republicans, who could use this case to distance themselves from trump (Jensen is a “buddy” of trump). Yea, the odds are slim, but they are probably as big as they could get
Edit: and i guess one could argue that nvidia has commited a bit of fraud, as they have used illegal means to increase revenue, thus lied about the long-term profitability of the company