Yesterday
ASIC’s WiseTech investigation goes from preliminary to formal
The corporate regulator has already examined current and former directors at the logistics software giant as it probes disclosures made about share trading.
This Month
Richard White keeps million-dollar pay with new WiseTech role
Many of the founder’s new responsibilities outlined to the ASX mirror that of a traditional CEO, even though he was made to leave that role.
HESTA says WiseTech’s new director ‘falls short’ of expectations
The industry superannuation major is concerned that the logistics software giant has appointed its former chairman as lead independent director.
March
WiseTech investors say they want new CEO, but back White
A shareholder sentiment survey came as the software giant said former chairman Andrew Harrison would return as lead independent director.
WiseTech’s fully fledged governance crisis is only just beginning
Richard White is back in control, but the countdown is on for the logistics software giant to avoid the ASX’s wrath. So who will agree to sit on its board?
WiseTech Global calls IB friends to drum up board candidates
The bids for suggestions come after four independent directors resigned en masse last month, leaving behind a farcical board stacked with White loyalists.
AustralianSuper sells $580m stake in WiseTech, takes swipe at board
The country’s largest super fund has been one of the logistics software giant’s largest shareholders. It says the company had “not met our expectations”.
White hadn’t seen damning WiseTech review: lawyers
Clayton Utz says the WiseTech founder did not receive the full board review into his conduct and was not provided the opportunity to respond to the partial findings released on the ASX.
Super giants demand WiseTech overhaul after damning White review
A board review found the software company’s billionaire co-founder had misled the board and made incomplete disclosures about his relationship with an employee.
Richard White would be gone from any other firm in Australia. Not WiseTech
The damning report into the scandal surrounding WiseTech shows stunning failures of governance. But Richard White emerges with even more power.
ASIC calls in former WiseTech directors to provide evidence
ASIC has begun interview four former WiseTech directors who resigned from the board over a dispute with founder Richard White.
WiseTech loses its top HR exec again amid White scandal
WiseTech is again searching for a top human resources executive after its new recruit resigned less than two months into the role.
WiseTech Global commissions investor survey on company’s governance
The logistics software giant has been embroiled in controversy after the volatile private life of its billionaire chairman, Richard White, became public.
WiseTech shareholders just one cheeseburger away from the void
Richard White’s blind confidence in his own understanding of people – learned from those psychology books he recommends to women on LinkedIn – is deeply misplaced.
Comeback king: Can Richard White stay in charge at WiseTech?
This week on The Fin podcast, senior reporter Max Mason and Chanticleer columnist James Thomson on WiseTech’s tumultuous five months and Richard White’s rebound.
Richard White’s accuser secures assistance of Anti-Slavery Australia
The woman who has accused WiseTech Global’s chairman of providing her with a visa in return for sex has been assisted by lawyers at the specialist legal centre.
February
White’s return as executive chairman puts ‘key man risk’ in play
Shareholders have been told to “exit stage left” if they have any doubts over Richard White’s ability to lead WiseTech.
ASIC says it is making ‘preliminary inquiries’ into WiseTech
The comments from the regulator came after the software giant’s founder, Richard White, returned as executive chairman despite a board review into his conduct.
WiseTech’s billionaire founder sells $200m in shares in two months
Richard White offloaded the stock in the midst of turmoil at the company which ultimately led to the exit of four independent directors earlier this week.
Tech bros share the riches (with their lawyers)
Lawyers are cashing in on the legal scandals rocking the start-up world, but it’s tougher for those footing the bill on the other side to the founders.