Investors have punished WiseTech after this masthead exposed serious allegations of inappropriate behaviour by its billionaire CEO Richard White.
Shares in Australia’s biggest listed technology company, WiseTech Global, plunged by nearly 20 per cent on Monday morning, wiping billions from its valuation, afterA joint investigation by the three mastheads published on Monday morning revealed a woman, who had a sexual relationship with Australia’s 11th richest person, made several claims about him in late 2020, including allegations he had engaged in inappropriate behaviour.
The WiseTech board said in a statement on Monday morning that it noted the reporting from the three mastheads about its chief executive. Salacious details about Mr White’s private life spilled into the public domain in the past month after the businessman lodged a bankruptcy notice against another former lover, Sydney wellness entrepreneur Linda Rogan. In documents filed with the Federal Court to try to set aside a bankruptcy notice, she alleged Mr White expected her to have sex with him in exchange for an investment in her business.
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