The billionaire executive says it was his own idea to step down from the company he founded 30 years ago, amid probes into his behaviour.
The billionaire former CEO of software maker WiseTech Global, Richard White, says he wasn’t pressured into resigning from leading the company he founded 30 years ago, telling investors that the decision to step down was his own.that revealed he paid for a multimillion-dollar house for an employee and had been accused by an outgoing board member of intimidation and bullying.
“Firstly, my natural resting state is actually focusing on products … So this was a decision that I made by myself and I brought it to the board,” White told investors. White also maintained that despite any management upheaval, WiseTech’s culture would remain consistent. The review also dismissed bullying claims, finding that White had a “direct approach” that was consistent with the process of “creative abrasion”, which created value for the organisation but could also be confronting and uncomfortable for others. The review remains ongoing., White now owns even more of the company after agreeing to buy 10.2 million shares in the business from the group’s co-founder Maree Isaacs, who remains an executive director of the group.
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