No financial risk over asbestos, David Thodey assures Telstra investors TELSTRA boss David Thodey has reassured investors that looming financial liabilities brought on by its mishandling of asbestos are not expected to be a material financial risk to the company. Should we form the view that there is a material financial risk to the company or any other material information that is required to be disclosed to the ASX under the Listing Rules, we will take immediate action to notify the market. We do not believe this to be the case at this time," Mr Thodey said in a statement to the ASX this morning.