💨 Abstract

AustralianSuper, the largest Australian pension fund, has sold its stake in WiseTech Global, a logistics software company, due to dissatisfaction with the handling of founder Richard White's transition. The fund sold approximately A$580 million worth of stock, ending its 1.9% position. White stepped down as CEO in October 2024 following media reports of personal life allegations.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖