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She had the gall to sue him because she said he offered to put money into her 'beauty' business in return for a sexual relationship. So there was less damage to him in settling. MGTOW,
WTC - WiseTech Global
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Dona Ferentes
Pengurus pengatur
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slow horses and fast women .. bring you unstuck every time
and here's one resetting the bar: Nicole Macnamara
She’s a billionaire divorcee who ran for VP – now she’s a Trump star
A chameleon who rose from a hard childhood to join the most elite circles of big tech, Nicole Shanahan has had a startling transformation into the world of right-wing politics.
bk1
Follow the money
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Good call @Captain_Chaza , Goldman Sachs upgrade and rate it a BUY and a PT of $138.
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There's a PhD to be won for a case study of last month's WTC shenanigans.
Richard White gives a mea culpa and resigns as Director and CEO. He then takes up the role of "Founder and Founding CEO" on a 10 year term and for the same salary.
Everyone is happy and within three weeks the share price is back where it was. Nothing to see here. Carry on.
@debtfree
Richard White gives a mea culpa and resigns as Director and CEO. He then takes up the role of "Founder and Founding CEO" on a 10 year term and for the same salary.
Everyone is happy and within three weeks the share price is back where it was. Nothing to see here. Carry on.
@debtfree
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My view is even at $100 the stock was overvalued let alone at its current price.....
Intrinsic value per share for Wisetech is likely closer to $50 per share than $100 per share let alone $130.
Intrinsic value per share for Wisetech is likely closer to $50 per share than $100 per share let alone $130.
galumay
learner
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Yup, if I really twist the arm of my model and make some very optimistic assumptions, I can get to about $60 valuation.
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Down around 12% on the news of the delayed product roll out, due to "distractions".
Snakes and ladders with this one.
It may have been a buying opportunity when it dropped to $112.12 early on. Closed at $121.74.
Snakes and ladders with this one.
It may have been a buying opportunity when it dropped to $112.12 early on. Closed at $121.74.
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WiseTech Raised to Outperform at Macquarie; PT A$152.70
Not Held
Not Held
Dona Ferentes
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WiseTech’s shares are down 24 per cent and have hit a six-month low. The fall came after the chairman and three independent directors of WiseTech Global resigned due to intractable differences about the ongoing role of the global logistic software company’s founder, Richard White.
Sean K
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This was a good buy in 2020.
Market likes the board changes...
Market likes the board changes...
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I knew the Open was not going to be kindThis was a good buy in 2020.
Market likes the board changes...
View attachment 193965
View attachment 193966
Dona Ferentes
Pengurus pengatur
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and a very detailed reply to the ASX Aware letter, just released.
Signed by the Board ... which is ?
bigdog
Retired many years ago
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WTC WISETECH GLOBAL LIMITED
I own WTC
Today's announcements " WiseTech Board changes and guidance update" SP down 23%
I would expect SP to recover hopefully in march
View attachment 193972
Four independent non-executive Directors currently serving on the WiseTech Board – being
Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy – have determined it is in
the best interests of the Company to stand aside.
This followed intractable differences in the Board and differing views around the ongoing
role of the Founder and Founding CEO, Richard White.
Their resignation will take effect after the signing of the half-year financial report and release
of half-year results to ASX on Wednesday 26 February 2025.
The half-year results presentation will be given by Andrew Cartledge (Interim CEO), Caroline
Pham (Interim CFO) and Richard White (Founder and Founding CEO).
Mike Gregg will commence as a director with effect from 26 February 2025 after release of
half-year results to ASX, subject to satisfaction of customary director background checks. A
summary of his credentials is attached to this announcement.
It is also proposed that additional directors will be appointed to the Board in due course.
I own WTC
Today's announcements " WiseTech Board changes and guidance update" SP down 23%
I would expect SP to recover hopefully in march
View attachment 193972
Four independent non-executive Directors currently serving on the WiseTech Board – being
Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy – have determined it is in
the best interests of the Company to stand aside.
This followed intractable differences in the Board and differing views around the ongoing
role of the Founder and Founding CEO, Richard White.
Their resignation will take effect after the signing of the half-year financial report and release
of half-year results to ASX on Wednesday 26 February 2025.
The half-year results presentation will be given by Andrew Cartledge (Interim CEO), Caroline
Pham (Interim CFO) and Richard White (Founder and Founding CEO).
Mike Gregg will commence as a director with effect from 26 February 2025 after release of
half-year results to ASX, subject to satisfaction of customary director background checks. A
summary of his credentials is attached to this announcement.
It is also proposed that additional directors will be appointed to the Board in due course.
Garpal Gumnut
Ross Island Hotel
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I'm ignorant of the goings on and prospects of this company and of the founder's new role.
What is going on. Why did the directors resign?
Is WTC worth $121.70 or $94.80?
gg
What is going on. Why did the directors resign?
Is WTC worth $121.70 or $94.80?
gg
Sean K
Moderator
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Mr White had some personal issues.
White would resign as chief executive, take a short break and reappear in a new role, with the title of “founder and founding CEO” and responsibility for product and business development, under a 10-year consultancy.
As this column wrote at the time, it was hardly the perfect solution, given the obvious risk of a power struggle between White and whoever took the job as CEO. But for investors, it was a workable solution that showed the board was providing appropriate checks and balances while keeping the genius behind WiseTech in a vital role.
There was only one problem: White owns about 38 per cent of the company and speaks for about 50 per cent of the registry firm through his personal relationships.
On February 10, WiseTech confirmed a report in The Australian Financial Review, The Sydney Morning Herald and The Age that White had not actually signed the 10-year consultancy deal that he had agreed to in October. Discussions between the board and White have continued since then, but reached crisis point late last week when WiseTech took the surprising step of putting its shares in a trading halt, pending Monday’s stunning announcement.
Garpal Gumnut
Ross Island Hotel
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Thanks @Sean K . Just deciding whether to throw a few lazy ones at this puppy.
If I had founded a company and influenced 50% of the stock there is no way I'd be re-employed on a measly $1m and have to report to the CEO just for the sin of having waved the flag here and there.
Are the board members and Chair who resigned AICD types in lala land or do they have runs on the board at managing v. large companies or founding a company themselves.
Is the company a goer without these board members?
gg
If I had founded a company and influenced 50% of the stock there is no way I'd be re-employed on a measly $1m and have to report to the CEO just for the sin of having waved the flag here and there.
Are the board members and Chair who resigned AICD types in lala land or do they have runs on the board at managing v. large companies or founding a company themselves.
Is the company a goer without these board members?
gg
