‘Collision with reality’: The $100 billion downfall of an Aussie giant
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Source: The Age
Published: 2026-05-16 05:00 UTC+10:00
Section: Business / Companies
Factuality Score: 100
Opinion Category: Neutral
Topics: Business & Economy
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Snippet:
CSL investors had already torched tens of billions of dollars of wealth on the biomedical giant before the year had even started, and a sense of panic must have set in when its chief executive, Dr Paul McKenzie, abruptly resigned the day before its half-year results announcement in February.
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