Webjet Faces Shareholder Revolt Amid 20% Stock Decline

Webjet Limited, the prominent online travel booking service, is facing significant turbulence as a major shareholder revolt emerges. The discontent is led by key investor Gary Weiss, who raises concerns over the board’s insufficient stock holdings and questionable accounting practices. This tide of unrest has contributed to a sharp 20% drop in Webjet’s stock, underscoring broader apprehensions about corporate governance among Australian companies.