This Month
Rich Lister-backed Vinyl Group in equity raise to fund acquisition
Sole lead manager Peloton Capital was rounding up investors at 10¢ a pop for a fully underwritten accelerated rights issue, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Immersive
- Media & marketing
The surprisingly small details that broke our biggest stories of 2024
Our reporters take you behind the scenes to reveal how they broke some of this year’s most engaging stories.
- Lucy King and Daniel Reti
Charles Gibbon becomes second WiseTech director to dump shares
The billionaire venture capitalist has been on the logistic software giant’s board for 18 years. He sold some $200 million of his stake through UBS on Friday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Billionaires
WiseTech founder restructures assets to give wife a share
Richard White’s corporate restructure puts Zena Nasser in the driving seat of one of his private investment vehicles.
- Max Mason, Kate McClymont and Nick McKenzie
WiseTech board is team White, and ‘Richard’s not going anywhere’
Richard White’s successor as WiseTech CEO will be free to practise the same “creative abrasion” style of leadership that invited accusations of bullying.
- Tess Bennett
Richard White’s mystery $1b exposure
The former WiseTech CEO did a deal to buy the shares of co-founder Maree Isaacs. It leaves more questions than answers.
- Mark Di Stefano
November
WiseTech co-founder sells out, nets multimillion-dollar payday
Maree Isaacs co-founded the logistics software group with Richard White in 1994 and became one of the country’s wealthiest people after it hit the ASX.
- Max Mason
- Exclusive
- Billionaires
WiseTech’s Richard White inquiry failed to interview two key women
The investigation into complaints against the billionaire founder has described a process of ‘creative abrasion’ at the company but found he did nothing wrong.
- Updated
- Max Mason, Nick McKenzie and Amelia McGuire
- Exclusive
- Software
WiseTech awarded equipment contract to White’s lover
The WiseTech board is investigating a series of transactions between the technology company and a former lover of founder Richard White.
- Max Mason, Nick McKenzie and Kate McClymont
- Investigation
- Insolvency
The tech billionaire, his wife, her ex-husband and a big property deal
WiseTech Global founder Richard White has invested in many ventures, but a disused industrial site is one of the more surprising. It could be a lucrative one.
- Max Mason, Kate McClymont and Nick McKenzie
WiseTech allegedly misled investors over ‘aggressive’ earnings targets
In a new class action, Phi Finney McDonald alleges that shareholders in the software company suffered after it missed earlier profit guidance in 2020.
- Max Mason
October
WiseTech’s Richard White returns to the Dubai high life
Mineral Resources boss Chris Ellison isn’t the only billionaire riding out a scandal from overseas.
- Max Mason
Remember the GFC in loan buffer debate
Letters from readers on cutting the 3 per cent serviceability buffer on home loans, a tax holiday for young people, AUKUS, Richard White, Lidia Thorpe and King Charles.
- Investigation
- Billionaires
How Richard White’s humble tech nerd image came undone
Why he clung on to his job at the top of WiseTech despite an $11 billion fortune as his personal life disintegrated is a question only he can answer.
- Max Mason, Kate McClymont and Nick McKenzie
Tech founders’ ‘rock star status’ trumps bullying accusations
Women across Australia’s technology sector say Richard White’s new role sends a clear message to the rest of the industry.
- Tess Bennett
- Opinion
- Governance
If the Tech Council had moral backbone, it would have sacked White
Richard White has not fully departed WiseTech, perpetuating the idea that tech companies need ‘brilliant jerks’. The Tech Council should have sacked him.
- Jessy Wu
- Opinion
- Chanticleer
WiseTech’s Richard White ‘fix’ just creates another problem
It’s hard not to suspect this fix provides the appearance of punishment, but shifts White into a role where his influence is just as great.
- James Thomson
- Updated
- Investigation
WiseTech chief executive Richard White quits amid scandal
The billionaire businessman will return as a full-time consultant on the same salary he enjoyed as chief executive of the company he founded three decades ago.
- Max Mason, Kate McClymont and Nick McKenzie
- Investigation
- Billionaires
Richard White gave $7m mansion to female WiseTech employee
But the billionaire businessman, who is the software firm’s chief executive, said he had disclosed the relationship before she started at the company.
- Updated
- Kate McClymont, Max Mason and Nick McKenzie
- Investigation
- Governance
WiseTech director’s scathing assessment of ‘bully’ Richard White
Christine Holman accused the software giant’s chief executive of intimidation, bullying and overseeing poor corporate governance as she quit in 2019.
- Nick McKenzie, Max Mason and Kate McClymont