Richard White, founder of WiseTech, has come under fire after gifting a $7 million luxury mansion to former employee Christine Kontos following their lengthy relationship. This transfer raises questions among board members already grappling with a crisis at the software giant, as details of their personal and professional entanglements come to light.
Tag: corporate governance
E-Mersion Media, a Melbourne-based tech start-up, has collapsed after securing only four sales in four years, resulting in over $12 million in debts. The company, which aimed to digitize traditional print magazines, attracted significant investments but failed to generate sustainable revenue, leading to its liquidation and leaving employees and investors with major losses.