Richard White, the Australian tech billionaire and CEO of WiseTech Global Ltd., resigned following a scandal involving allegations of sexual misconduct and intimidation, resulting in a significant loss of market value for the company. His departure came after reports indicated a history of problematic behavior, including undisclosed financial settlements and a controversial relationship with a former employee. As WiseTech undertakes an internal investigation supported by external law firms, White will remain with the company in a new role focused on product and business development, albeit under a newly structured consulting contract. This incident highlights a broader trend of corporate governance issues in Australia, where indications of ethical lapses are becoming increasingly common among top executives across various industries.