Medibank Private chief executive David Koczkar has so far managed to shield his investors from the worst of, by convincing the ASX to allow the company’s shares to remain in halt or voluntary suspension since October 19.
The apologetic chief executive promised to defer insurance premium rises until mid-January, and has set up a mental health support program for vulnerable customers. There is recognition inside the ASX that the speed at which events are moving, and the changing nature of the criminals’ threats, does create a risk market updates quickly become outdated.
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