Loading...
Loading...
Browse all stories on DeepNewz
VisitWiseTech appoints new permanent CEO by March 31, 2025?
Yes • 50%
No • 50%
Official announcement from WiseTech Global Ltd. or major financial news outlets
WiseTech Founder Richard White Resigns After Shares Crash Amid Conduct Allegations
Oct 24, 2024, 06:01 AM
Richard White, billionaire founder and CEO of Australia's WiseTech Global Ltd., has stepped down from his position following damaging allegations regarding his personal conduct, including inappropriate relationships and workplace misconduct. White recently settled a court battle with alleged former lover Linda Rogan over a $90,000 dispute, a saga that has reportedly cost him $3 billion due to the decline in WiseTech's share price. Additionally, a top director accused White of 'bullying and intimidation,' making the company environment unbearable. White will immediately relinquish his roles as CEO and director, take a short leave, and then return as a consultant with an annual remuneration of $1 million. The developments mark a significant shake-up for WiseTech, a company White founded 30 years ago.
View original story
Current CEO remains • 25%
New CEO appointed • 25%
Interim CEO appointed • 25%
CEO position remains vacant • 25%
Internal promotion • 25%
External hire • 25%
Temporary appointment • 25%
No appointment by deadline • 25%
Yes, internal promotion • 25%
Yes, external hire • 25%
No change • 25%
Interim CEO appointed • 25%
Internal promotion • 25%
External hire from another tech company • 25%
External hire from a non-tech company • 25%
Interim CFO remains in position • 25%
Current interim CEO • 25%
Other internal candidate • 25%
Richard White • 25%
External candidate • 25%
Investigation inconclusive • 25%
No significant findings • 25%
Minor policy violations • 25%
Major misconduct confirmed • 25%