WiseTech Shares Drop Amid CEO Allegations

Oct 21, 2024

WiseTech Global Limited (ASX: WTC) shares plunged by 12.6% following news that the company's board is investigating allegations against founder and CEO Richard White. The allegations, made by a former sexual partner, claim that White paid her millions of dollars to settle the matter. In response, WiseTech announced it is actively seeking further information and consulting external advisors regarding the situation. The company emphasized that this review is ongoing. At the time of writing, WiseTech's stock fell to $107.04, down by $15.44.

 

 

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