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WiseTech Ditches Billionaire Founder as Governance Woes Mount

The End of Ego: How Richard White's Infamy May Be WiseTech's Salvation WiseTech's governance woes have been a long time coming, but Tuesday's announcement that billionaire founder Richard White will no longer serve as chairman may be the wake up call the company needs.

For years, White's personal scandals have threatened to upend the share price of the Australian logistics software giant he founded nearly three decades ago.

The latest allegations against White – that he exploited a woman's immigration status and financial insecurity for sex, and provided false information on a visa application – are the most serious yet.

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