Altimeter's Gerstner and Atreides' Baker send joint letter urging Nvidia board to keep door open to Jensen Huang's return
Brad Gerstner, CEO of Altimeter Capital, and Gavin Baker, managing partner and CIO of Atreides Management, sent a joint letter to Nvidia's board asking it to pursue a 'slow, measured, and deliberate process' on future leadership that leaves all options on the table, including a potential return of Jensen Huang. The shareholders say there are 'more questions about recent events than answers,' warn against a rush to replace Huang, and note the company will be 'capably led in the interim by Colette Kress and team.' The letter cites massive uncertainty around recent events surrounding Huang's departure. The tweet also reports a petition site demanding Huang's reinstatement pending an independent investigation, calls for reinstatement joined by Elon Musk per the Washington Post, and that the bo
Brad Gerstner, CEO of Altimeter Capital, and Gavin Baker, managing partner and CIO of Atreides Management, sent a joint letter to Nvidia's board asking it to pursue a 'slow, measured, and deliberate process' on future leadership that leaves all options on the table, including a potential return of Jensen Huang. The shareholders say there are 'more questions about recent events than answers,' warn against a rush to replace Huang, and note the company will be 'capably led in the interim by Colette Kress and team.' The letter cites massive uncertainty around recent events surrounding Huang's departure. The tweet also reports a petition site demanding Huang's reinstatement pending an independent investigation, calls for reinstatement joined by Elon Musk per the Washington Post, and that the bo
Key facts
- Brad Gerstner, CEO of Altimeter Capital, and Gavin Baker, managing partner and CIO of Atreides Management, sent a joint letter to Nvidia's board.
- The letter asks the board to pursue a 'slow, measured, and deliberate process' on Nvidia's future leadership that leaves all options on the table, including the potential return of Jensen Huang.
- The shareholders write that there are 'more questions about recent events than answers' and warn the board to avoid 'a rush to replace Jensen' that would undermine shareholders' interests.
- The letter cites massive uncertainty associated with recent events surrounding Huang's departure.
- They say the company will be 'capably led in the interim by Colette Kress and team' and that the board has time to get the decision right.
- A petition site has launched demanding the Nvidia board reinstate Huang pending an independent investigation, under the line 'thirty-three years deserve an answer.'
- Elon Musk has joined calls for Huang's reinstatement, according to the Washington Post.
- The Nvidia board said earlier in the day it has not formally engaged any candidates and has not yet selected a search firm.
Sources · 3 sources
- PM
Polymarket Money@PolymarketMoneyPost on X ·
JUST IN: Brad Gerstner and Gavin Baker send letter to Nvidia’s board urging it to consider bringing back Jensen Huang as CEO.
Open source - WS
Wall St Engine@wallstenginePost on X ·
TWO MAJOR NVIDIA SHAREHOLDERS HAVE WRITTEN TO THE BOARD ASKING IT TO LEAVE THE DOOR OPEN FOR JENSEN HUANG'S RETURN Brad Gerstner, chief executive of Altimeter Capital, and Gavin Baker, managing partner and chief investment officer of Atreides Management, have sent a joint letter to $NVDA board. They ask the board to pursue "a slow, measured, and deliberate process regarding the future leadership of Nvidia that leaves all options on the table, including the potential return of Jensen Huang." "There are more questions about recent events than answers," they write, warning the board to "avoid a rush to replace Jensen that undermines and thwarts the best interests of shareholders." They say the company will be "capably led in the interim by Colette Kress and team" and that the board has time to get the decision right. A petition site has also launched demanding the board reinstate Huang pending an independent investigation, under the line "thirty-three years deserve an answer." Elon Musk has joined the calls for Huang's reinstatement, according to the Washington Post. The board said earlier today it has not formally engaged any candidates and has not yet selected a search firm.
Open source - EV
Evan@StockMKTNewzPost on X ·
BRAD GERSTNER AND GAVIN BAKER JUST SAID THIS LETTER TO NVIDIA'S $NVDA BOARD OF DIRECTORS "To the Distinguished Nvidia Board, We write as shareholders to share a view that we believe is widely agreed to among shareholders and to make a simple request. Given the extraordinary success of Jensen Huang s leadership over a long period of time and given the massive uncertainty associated with recent events surrounding his departure, we believe it is in the best interest of all stakeholders, and certainly the shareholders of Nvidia, for the Board to pursue a slow, measured, and deliberate process regarding the future leadership of Nvidia that leaves all options on the table, including the potential return of Jensen Huang. There are more questions about recent events than answers. We believe the Board should avoid a rush to replace Jensen that undermines and thwarts the best interests of shareholders. The company will be capably led in the interim by Colette Kress and team and we have no doubt the Board has the benefit of time to get this right. If after all the facts are known the Board decides that it is not in shareholders' best interest to have Jensen Huang back as CEO, that is the Board's prerogative. But the Founder and long time incredible leader of this extraordinary company has earned the right for a deliberate process that avoids any needless rush to replace him before all the facts are known."
Open source