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Optus

Yesterday

The good, bad and ugly of business in 2023

Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.

  • Updated
  • James Thomson

This Month

Consumer law has marched on since 1975.

Drumstick Awards: Five biggest corporate stuff-ups of 2023

It’s been a golden year for corporate scandals. But one company has outshone the rest, taking home the inaugural Triple Drumstick. 

  • James Thomson
Ms Bayer Rosmarin last appeared in public representing Optus at a Senate inquiry in late November.

Ex-chief Kelly Bayer Rosmarin severs final ties with Optus

The former chief executive stayed for the transition to acting chief executive of Michael Venter, who is also the company’s chief financial officer.

  • Jenny Wiggins

Will Newmont’s secondary listing work? History says it will be hard

Navigating investor apathy and keeping management’s attention on local shareholders is not easy, as Singtel and Janus Henderson have found.

  • Tom Richardson
Lucinda Holdforth, who’s had enough of authenticity narratives.

LinkedIn is rotting our leaders, says Alan Joyce’s former speechwriter

Lucinda Holdforth reckons executives should focus on delivering results and ditch the bubble talk about authenticity and vulnerability.

  • Myriam Robin
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November

This fast-growing telco is the most trusted in Australia

Aussie Broadband has overtaken Vocus to become Australia’s fourth-biggest internet provider, and has the highest revenue of any company in the AFR Fast 100 in 2023.

  • Christopher Niesche
Optus is trying to stop class action law firm Slater and Gordon getting hold of a forensic report into last year’s cyberattack.

Optus appeals judgment in battle to keep Deloitte report secret

The telco is appealing a court ruling that could lead to the release of a forensic report into last year’s cyberattack, as a review into the latest outage gets under way.

  • Jenny Wiggins
Optus executive and former NSW premier Gladys Berejiklian, left, and former Optus CEO Kelly Bayer Rosmarin.

Optus chairman says next chief executive should have telco experience

Paul O’Sullivan broke his silence to argue that Australians’ desire for “scalps” after corporate crises could deprive the country of good executives.

  • Nick Bonyhady
Clare O’Neil unveils the cyber strategy in Sydney on Wednesday.

Ban on paying hacker ransoms is inevitable, but not yet: Labor

After industry resistance, Home Affairs Minister Clare O’Neil says Australian firms aren’t prepared for a ban on paying off cyber criminals to get data back.

  • Andrew Tillett and Paul Smith
Optus chief executive Kelly Bayer Rosmarin paid the price for a failure to communicate with the public.

CEO pays the price for Optus’ outage opacity

Optus had already worn out too much goodwill in the hack of customer details in September last year to regard this simply as a technology problem.

  • The AFR View
Telstra and TPG have weighed in on the Optus outage with submissions to the Senate Inquiry.

Telstra denies 000 failure, rejects ‘expensive’ network sharing idea

Telstra and TPG take opposing views on whether networks should be shared during outages, warning it could escalate into a double network failure.

  • Paul Smith
Kelly Bayer Rosmarin has left the building

Inside the Optus HQ rumour mill – and blame game

Last year’s cyberattack did not claim the telco’s chief executive, Kelly Bayer Rosmarin. There was little doubt a massive network outage this month would.

  • Kylar Loussikian

Why the Optus CEO had to go – and quickly

The telco’s outage points to much deeper problems in Australia’s readiness to cope with cyberattacks and tech failures affecting critical infrastructure.

  • Jennifer Hewett
Kelly Bayer Rosmarin has left the building

Optus’ leadership up for grabs as CEO resigns

Former StarHub boss Peter Kaliaropoulos has been installed as chief operations officer, with Gladys Berejiklian, the former NSW premier, another contender.

  • Updated
  • Paul Smith
Optus chief executive Kelly Bayer Rosmarin faced a Senate grilling on Friday.

The warning in Kelly Bayer Rosmarin’s resignation from Optus

The speed with which the Optus CEO has departed shows how community expectations of corporate accountability have brutally shifted.

  • James Thomson
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Optus CEO quits; ASX’s new plan; Macquarie’s guru on what’s next

Read everything that’s happened in the news so far today.

The Chanticleer podcast features James Thomson and Anthony Macdonald.

Stock tips from Sohn | Optus’ big problem | Banks brawl

In this week’s episode, James and Anthony bring you some of the inside stock tips from the Sohn Hearts & Minds conference, discuss the Optus CEO’s Senate hearing showdown, and ask why war has broken out among the big banks.

Optus chief executive Kelly Bayer Rosmarin faced a Senate grilling on Friday.

Optus’ planning failure will hang over Kelly Bayer Rosmarin

CEO Kelly Bayer Rosmarin told a Senate inquiry that Optus never believed an outage of the scale it suffered was possible, raising questions about risk management.

  • Updated
  • James Thomson
Optus CEO Kelly Bayer Rosmarin during a Senate hearing into the telco’s outage.

‘We didn’t have a plan’: Optus admits it was caught out

In a make-or-break appearance for Kelly Bayer Rosmarin, senators failed to land a knockout blow, but gleaned some damaging admissions.

  • Updated
  • Paul Smith

Optus CEO grilled; Revelations at Sohn; Why Britain’s divided

Read everything that’s happened in the news so far today.