Reported about 4 hours ago
In a dramatic turn of events, the majority of WiseTech Global Ltd.'s board members resigned amid a power struggle with founder Richard White, who has regained control despite facing allegations of misconduct. The resignations led to a significant drop in stock prices, as investors worried about corporate governance and the implications of delays in product rollout linked to White's role. This corporate shake-up highlights the complex dynamics between major shareholders and boards, particularly in cases involving serious behavioral allegations.
Source: YAHOO