Tess Bennett

1 week ago | afr.com | Max Mason |Tess Bennett

Richard White’s most ardent allies, who became billionaires thanks to their early investments in WiseTech, are leaving the board of the global logistics software business after a raft of scandals and allegations involving the company’s founder. Shearwater Capital founders Charles Gibbon and Michael Gregg, whose combined shareholdings in WiseTech are worth more than $2.7 billion, will step down at the end of this month and in November, respectively. Loading...

1 week ago | afr.com | Tess Bennett

Optus has agreed to pay a $100 million penalty for using aggressive sales tactics to push products on vulnerable and disadvantaged customers after the consumer watchdog accused the telco of unconscionable conduct.

1 week ago | afr.com | Tess Bennett

A Byron Bay-based venture capital firm promising to back companies trying to solve the planet’s biggest problems has raised $92 million from some of Australia’s richest people and drawn them to the coastal celebrity mecca for its annual meeting this week, with a side of whale watching. ReGen Ventures, which is run by former Macquarie banker and hedge fund manager Dan Fitzgerald, has built a portfolio of 21 companies after raising $65 million for its first fund in 2021.

1 week ago | afr.com | Tess Bennett

Dubber Corporation is suing its former auditors BDO in the Federal Court, alleging the firm’s negligence contributed to $30 million of company funds being misappropriated by its former chief executive and an associate. The ASX-listed company, which makes call recording software, stood down chief executive Steven McGovern in February last year after discovering that $30 million, which it believed was being held in a term deposit by third-party trustee Christopher William Legal, had gone missing.

1 week ago | afr.com | Tess Bennett

Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statementEver wondered what spies do with their old computers and hard drives? Rather than sitting abandoned in a drawer or a box of miscellaneous cords, they are sent to top secret recycling facilities and ground into dust.