Jensen Huang's resignation and the end of the 'lol nothing matters' era

Nvidia announced Thursday morning that CEO Jensen Huang had resigned, with CFO Colette Kress serving as interim CEO while the board searches for a permanent replacement. The move followed New York Times and Reuters reports of multiple extramarital relationships, including one with a subordinate. Casey Newton argues Huang's downfall exposes the key-man risk of Silicon Valley's founder cult: a 63-year-old CEO with more than 60 direct reports and no succession plan, at a company whose stock generated a 700,000 percent return during his tenure.