Good afternoon, WiseTech is in the midst of a full-blown crisis as four board directors quit, which is unprecedented for a top 20 ASX company, and underscores the risks of a tech company growing unchecked around one person, writes Eric Johnston. The South Australian government’s Steel Task Force has been meeting secretly with KordaMentha since before Christmas, as a strategy to push the Whyalla steelworks into administration was formulated. The superstar stock of the ASX may be sailing towards a cliff edge, with most experts believing it is heading for a fall. |