Not much more than a slap on the wrist as WiseTech boss stays on in new role and keeps salary
The billionaire founder and CEO of Australian SaaS giant WiseTech Global, Richard White, has stepped down after a week of allegations of improper conduct.
That makes it one of Australia's bigger tech success stories, and has made White a respected figure. In June he wasas an"exceptional leader" when he joined the board of the Tech Council of Australia – the nation's peak tech industry body. White served alongside the likes of Atlassian co-founder Scott Farquhar and Tesla chair Robyn Denholm.
White added that the new role"will allow me to focus on product and business growth, to create even greater value for shareholders and customers over the long term." As well as his shares, he'll also retain his million-dollar-per-year salary.
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