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Shareholders rejected most of WiseTech's top exec pay amid probes into insider trading allegations, though company outlook improved.
Shareholders of Australian tech firm WiseTech rejected nearly half of the executive pay packages for founder Richard White and top leaders, signaling discontent amid ongoing investigations.
The vote follows a police raid and an ASIC probe into allegations that White and staff sold shares during a restricted period—claims he denies and was cleared of in an independent review.
The company has faced a turbulent year, including a 50%+ drop in share value, board departures, and misconduct allegations.
New executive chair Zubin Appoo presented strong financial forecasts, projecting revenue of $1.39B to $1.44B and EBITDA of $550M to $585M, helping lift the stock from a 2.8% decline to a 3.6% gain.
New lead independent director Andrew Harrison confirmed no charges have been filed and plans to step down after the new board stabilizes.
Los accionistas rechazaron la mayoría de los altos ejecutivos de WiseTech en medio de las investigaciones sobre las acusaciones de tráfico de información privilegiada, aunque las perspectivas de la compañía mejoraron.