alt Hacker NewsTake this with a grain of salt, but my guess is that the board on some level has to judge him as being so high performing that they would try to keep him as long as that doesn't cause too much PR damage to the company, or the deals get them in too much trouble with the government.
This is just a total guess, but I assume what a lot of the board want is for him to sell as much to China or indirect channels as he can get away with. So whatever these deals were that involved this woman, they probably want him to get those deals through it he can get away with it (although they wouldn't admit it).
I see this more or less as Huang doing his job. And relative to international expectations at that level of wealth, one public affair is probably not something most of the board (presumably largely male) is going to (privately) judge him for.
So if the board is investigating, I assume what they are trying to figure out is if the US government is going to do anything (probably not) or waiting to see if there is going to be some kind of public demand for him to be removed. Or it there is something likely to come out that will cause either of those things.
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It's unfortunate how it's perfectly rational for a board to want their CEOs doing just enough fraud/backchanneling/cosying-up-to-suspect-world-leaders to maximize shareholder value, as long as they're not getting caught/... in ways that overall minimize shareholder value.
Sure, if by high performing you mean fully assuming the lions share of risk when establishing monopoly via personal enmeshment with a corrupt political administration on the verge of sunset. His job for this board could very well be gone-rogue fall-guy. Doubly so when the regulatory bodies will be eagerly looking for those among the "thought you were one of the good ones" cohort of power.
> one public affair is probably not something most of the board (presumably largely male) is going to (privately) judge him for.
So male infidelity is not a big deal?
The board is investigating because the woman he had the affair with is a Chinese spy.
Neither the board nor the US government nor investors nor the average person gives a shit about a CEO having an affair as long it doesn't compromise his ability to do his job well.