WiseTech’s Founder Shock Still Hangs Over WTC Shares
WiseTech Global shares dropped in Sydney on Wednesday, pulling back after a recent governance bounce. Founder Richard White is no longer executive chair but has remained with the logistics software firm. WiseTech shares ended at A$34.65 on July 8, falling A$2.72, or 7.28%. That drop erased the gains from the prior session, when Raelene Murphy was named independent chair. WiseTech is now down almost 70% over the past year, a sharp fall for a former Australian tech leader.