A former WiseTech employee is suing the software giant’s billionaire founder and his new wife over workplace issues.
The three new claims come as it can be revealed the WiseTech billionaire and founder still has not signed a 10-year consultancy agreement announced by the company last October.
Richard White and his wife Zena Nasser celebrated with Mark Merhi,who left Australia after his real estate firm collapsed owing $80 million.
It proved to be a volatile year for the big end of town,but it’s investors who face a day of reckoning.
The former boss of WiseTech Global and his new wife have been making many quiet changes to private investment companies and share trusts.
The Australian software giant looks on track to shrug off its governance issues as analysts tip WiseTech Global to deliver for investors.
Shares in WiseTech slumped 12 per cent after the company cut its financial guidance as a result of the events of the past two months.
Just weeks after its CEO stepped down,the software firm is now facing Supreme Court action alleging misleading conduct and a breach of disclosure obligations to investors.
WiseTech’s board couldn’t afford to get rid of its key man and nor could it afford to retain him as CEO. Just how much has the scandal truly cost him?
The technology sector now has serious questions to answer about how it allowed his alleged behavioural problems to fester.