(Bloomberg) -- Richard White, the Australian billionaire battling allegations of inappropriate behavior with women, has said he has a relaxed relationship...
-- Richard White , the Australian billionaire battling allegations of inappropriate behavior with women, has said he has a relaxed relationship with risk.“It’s perhaps a personality trait, but I’m not frightened by risk or uncertainty,” the WiseTech Global Ltd. chief executive officer told a podcast last year. “If you have risk you can turn it into something.”
The stock fell a further 3.2% early Tuesday, before erasing the loss after news of the settlement broke, to be trading up 1.6% at 1:20 p.m. in Sydney.“A founder CEO of a major Australian company is a public figure, front and central to the name, brand and success of the company,” said Helen Bird, senior lecturer at Swinburne Law School in Melbourne.
WiseTech spokeswoman Catherine Strong referred all questions for White to Helen Karlis, a representative for his lawyers. Karlis didn’t reply to emails and phone calls seeking a response from White.White grew up in the middle class Sydney suburb of Bexley dreaming of being a rock star, eventually leaving school to pursue the ambition. It soon soured.
In 1994 he and Maree Isaacs founded WiseTech, which is a key provider of the software that coordinates logistics and shipping across the world. Twenty-two years later the company was valued at A$1 billion when it listed on the Australian Securities Exchange.
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