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Now waiting for someone to win a sex-pest lawsuit and get their settlement paid with a 20-foot container of NVidia GPUs.
@jalefkowit Trump , spawn and his buddies are investors in NVIDIA, they doN't need insurance because Trump's legal dept (formerly Justice) will make sure no legal proceedings against NVIDIA for then selling to China via Singapore since that was condoned by the President after being told about it.
@jalefkowit seems on-brand
@jalefkowit that is craaaaaazy. Even a thousand dollar non-profit should have directors liability insurance!
How common is that gap? I feel like that situation should trigger a large red flag to be stamped on the cover of the stock prospectus.
@JMMaok The article gets into that a little further down. (Nvidia has Side A, but not B or C.)
@JMMaok (If I was a shareholder I'd be VERY interested in a "Side A only" situation, because that means the officers of the company are protected if the company does something horrible, but the company is not protected if the officers do something horrible)
@jalefkowit Maybe now I can get some publisher interest in my forthcoming game, "Shareholder Derivative Lawsuit Simulator 2027."
Dear gamers, we have an opportunity here to do the funniest thing
It does seem like a pretty profound failure of the corporate governance model that officers of a company get to decide "we should spend company money to insure the officers against malfeasance by the company, but not to insure the company against malfeasance by the officers"
@jalefkowit Also, laptop-wanters and computer touchers of all stripes who have considered an upgrade in the last two years. Certify the class; I'm in.
@jalefkowit the term fiduciary duty enters the gamer lexicon
@jalefkowit hm. Outside of some very creative lawyering, I don’t really see what laws Nvidia might have broken.
Export controls? All the high-end chips went to Malaysia or Vietnam, not China. That’s at best an indirect contribution to export control violations.
Restricting supply, and driving up consumer prices? Sure they did, but did they break any laws? And are we suddenly going to start enforcing competition rules now? That feels selective.