Billionaire Richard White is now more a liability for WiseTech than an asset

July 7, 2026 — 3:21pm

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How many more governance reshuffles is WiseTech going to endure before it comes to the conclusion that its founder Richard White’s infamy outweighs his contribution?

When White’s first personal sex scandal made him a cause celebre in late 2024, the company’s share price seriously wobbled on fears that that his position leading the company would be under threat.

Fast-forward almost two years and Tuesday’s announcement of his demotion from chairman to an executive director has prompted the WiseTech share price to jump as much as 10.7 per cent.

It clearly suggests that a tipping point has been reached after last month’s reports in the Sydney Morning Herald and the Australian Financial Review that he was being investigated by the Australian Federal Police over allegations he exploited a woman’s........

© Brisbane Times