In the final season of HBO’s Succession, (spoiler warning) Waystar Royco chief Logan Roy dies. As the markets learn of his death, the Roy siblings look at a phone, watching the company’s share price crater. Son Roman Roy blithely remarks “that’s Dad”, a neat encapsulation of what an individual can do to a share price.
On Monday morning, Articore (the ecommerce group behind Redbubble) announced chair Anne Ward had resigned. This was 18 hours after this column flagged a putsch by former CEO Richard Cawsey against Ward and the board. In the three trading days since, Articore’s share price has surged 35 per cent. That’s Anne!
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
