Big news about WiseTech Global, a company that makes software for shipping! There was a big fight between the company's founder, Richard White, and the board of directors. It's like a disagreement between the captain and the crew of a ship!
- Most of the board quit because of disagreements with Richard White.
- WiseTech's stock price dropped a lot because of this.
- Richard White, who owns a big part of the company, seems to have won the fight.
Fact | Number |
---|---|
Stock price drop | 23% |
Company value | $20 billion |
White's wealth loss (in one day) | $1.8 billion |
White's current wealth | $7.9 billion |