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WiseTech's shares sink on claims of past inappropriate behaviour of CEO
The Straits Times
|October 22, 2024
SYDNEY – WiseTech Global shares plunged on Oct 21 after the tech company's board said it is reviewing media allegations against billionaire co-founder and chief executive officer Richard White of past inappropriate behaviour.
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The stock closed down 15 per cent, the biggest decline in more than a year. The move wiped US$1.4 billion (S$1.84 billion) off Mr White's wealth to US$8.3 billion, according to the Bloomberg Billionaires Index.
Mr White, 70, is WiseTech's largest shareholder and has run the company since 1994, turning it into a global supply-chain powerhouse through a series of acquisitions.
Nine Entertainment publications The Australian Financial Review, The Sydney Morning Herald and The Age said on Oct 21 that Mr White had paid millions of dollars to a former sexual partner to settle allegations made in late 2020.
Cette histoire est tirée de l'édition October 22, 2024 de The Straits Times.
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