The scandal involving WiseTech founder and why investors are rushing for the exit | The Business
Автор: ABC News (Australia)
Загружено: 2024-10-21
Просмотров: 12741
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What began as a private matter involving WiseTech's founder, chief excecutive and major shareholder Richard White has gone very public, when the company share price plummeted by more than 14 per cent. ABC's Chief Business Correspondent Ian Verrender says shareholders - some of which are superannuation funds - are questioning how much of Mr White's time and attention has been diverted away from running the business. Ian Verrender says if some of the allegations are proven, the board could still have a hard time removing Mr White given he is the major shareholder and driving force behind the company.
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