WiseTech Founder Richard White Faces Investor Backlash Amid Scandal

Richard White's share sell-off and sexual misconduct allegations lead to a $6 billion drop in WiseTech's market value.

Richard White sold hundreds of millions in WiseTech shares, citing personal reasons, amid serious allegations of misconduct.
An investigation revealed White paid millions to settle allegations made by a woman with whom he had a sexual relationship.
The WiseTech board is reviewing the allegations and the company's disclosure practices following investor concerns.
White's share sell-off is partly attributed to a settlement with his ex-wife, contradicting earlier explanations about market demand.
Concerns have also been raised about undisclosed payments to former chief growth officer Gail Williamson, highlighting governance issues.