CEO Steps Down Amid Scandal—But Keeps His Salary.

What we’ll cover today:

💼 CEO Steps Down Amid Scandal.
🔴 Is SaaS Creating More Problems Than it Solves?
💡 One Activity to Scale Your SaaS Today.
🔗 The Event Roundup.

CEO Steps Down Amid Scandal.

Billionaire Richard White, founder of WiseTech, has resigned amid allegations.

But he’s not stepping away completely.

Instead, he’ll stay on as a high-paid consultant, keeping his million-dollar salary.

The news has left Australia’s tech scene buzzing with questions on executive accountability.

What We Know So Far:

• White has shifted from CEO to a consulting role focused on product and business development.

• Allegations include inappropriate relationships and lewd behaviour, tarnishing his reputation.

• The scandal has already caused WiseTech’s stock to plunge 30%, worrying investors.

• White claims this transition was part of a long-term focus on product innovation.

What’s Next?

This “resignation” raises questions on executive accountability.

With his salary and influence intact, many ask if this sets a troubling precedent.

Can serious misconduct at the top ever lead to real consequences?

Here's More From The Article

1. Is SaaS Creating More Problems Than it Solves?

This is a podcast from the ConTech Crew.

The podcast discusses how “SaaS (Software as a Service) promises easier access, fewer maintenance headaches, and constant updates.

But is it really delivering what businesses need?

In this week’s episode, I sit down with The Construction Dorks as we dive into the hidden downsides of the SaaS model and how it’s impacting industries today.”

Here’s The Podcast.

2. One Activity to Scale Your SaaS Today.

This is a 6-minute video from Jean Michel to SaaS founders.

Jean is a CMO who has been in tech for 20+ years. He helps SaaS founders and entrepreneurs unlock product growth.

“SaaS Founders: Give me the next 5 minutes and 56 seconds, and I'll show you how to find the only activity that will scale your SaaS today. Comment playbook below to start optimizing using systems thinking.” Jean wrote.

Here’s The Whole Tweet

1. Siemens Unveils Solid Edge 2025 With Advanced SaaS Tools.

Siemens Digital Industries Software has announced the release of Solid Edge 2025 and the introduction of Solid Edge X, which brings significant updates and features to its product development software.

2. Saas Giant Freshworks Embraces Autonomous Force with Freddy AI Agent.

The latest Freddy AI agent comes under their self-service bucket. “These are autonomous systems capable of answering customer queries just like humans, with all the personalisation and multi-tone conversations, as well as performing intuitive actions,” said Parthasarathy.

3. Brian Chess on the transformation of NetSuite.

Brian Chess, SVP of Technology and AI at Oracle NetSuite, has made a remarkable journey from software developer in 1999 to leading AI initiatives today. 

Brian shares his firsthand experiences and insights into AI advancements and how NetSuite is developing AI features for its customers. He discusses multilingual capabilities, customer-specific models, Math in AI, and more.