This Month
WiseTech flags redundancies as it restructures to double down on AI
The ASX-listed logistics software giant has told staff that it will slash the number of employees and “amplify and extend” the use of artificial intelligence.
Australia’s 50 Richest Bosses revealed
The Chemist Warehouse and Guzman y Gomez floats, as well as a change in intergenerational wealth, are creating a new wave of wealthy leaders.
The billionaire, the beautician and the backlash
New details have emerged about how WiseTech founder Richard White funds the extravagant lifestyle of his American lover, Kimberlee Cvitash - and how his investments have gone bad.
June
Richard White’s billionaire supporters to leave WiseTech board
Directors Charles Gibbon and Michael Gregg are leaving the board of the global logistics software business after a raft of scandals and allegations involving its founder Richard White.
May
Elon Musk backer buys into WiseTech
Edinburgh-based funds manager Baillie Gifford, which made billions out of Tesla, and is an investor in SpaceX, is now one of WiseTech’s largest shareholders.
Richard White, WiseTech settle with his former partner
The billionaire has previously reached settlements with three other women who had raised allegations against him, two of which were in the Federal Court.
HESTA tells WiseTech: Shape up or we’re selling out
The industry super fund has warned it may vote against the election of new directors or sell its stake in WiseTech Global if the software giant doesn’t improve its governance.
What’s Richard White’s title at WiseTech, anyway?
The returned executive chairman should dispense with politeness and call himself something more reflective of his station.
Day one at Macquarie: Comeback kids, tech bulls, retail’s key trend
Fireside chats were in and pulpit-style presentations were out. This is what it was like inside the first day of Australia’s most powerful investment conference.
Richard White structured STEM donation as a loan
Back in 2017, WiseTech billionaire Richard White said he wanted his legacy to be women. He certainly got that!
WiseTech faces investor scepticism on $3.5b plan to buy American rival
The logistics software giant is considering its largest acquisition yet at the same time as it confronts significant shareholder unrest over its governance.
April
Richard White settles with woman who alleged she had sex for visa
The WiseTech executive chairman had been accused by the former employee of attaching her financial security and immigration status to his “sexual demands”.
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.
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.