WiseTech Founder Richard White Resigns as Chair; Stock Jumps 11%
Shares in the Australian logistics software firm surged after billionaire founder Richard White stepped down amid a police probe, adding nearly $1 billion to its market capitalization.
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WiseTech shares rise after Richard White resigns as executive chair amid police investigation
Rise in share price adds nearly $1bn to tech giant’s market value while White continues on as a board director and chief innovation officer
WiseTech investors unconvinced by Richard White’s decision to quit as chairman
Investors will likely be unconvinced by a halfway house move from WiseTech even as its shares surged on Tuesday.
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The CEO of Australian company WiseTech has been receiving violent threats since kicking off AI layoffs, the company says.
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