One of Australia’s biggest industry super funds has accused the boss of $2 billion Australian start-up Employment Hero of “erratic and unlawful behaviour” and urged one of the company’s biggest investors to consider sacking him in a private letter.
The publication of the letter from the $100 billion Hostplus to venture capital firm Airtree Ventures escalates a dispute over whether software companies like Employment Hero can earn money from advertising super funds to new starters.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
