Billionaire sex saga is latest scandal to rock Australian CEOs

While executive transgressions are a worldwide phenomenon, it seems to be particularly pronounced in Australia.
The alleged sex-for-investment scandal embroiling Australian tech billionaire Richard White is just the latest corporate calamity in a country fast losing its reputation as a tightly-regulated market with strict governance standards.More than A$7 billion ($4.6 billion) of market value has been wiped from WiseTech Global Ltd. this week after media reports that White—the company’s co-founder, chief executive officer and largest shareholder—paid millions of dollars to a former sexual...

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