John Mullen says Telstra and Brambles are testing their robustness

"Young managers have not experienced this before," said Ms Edwards. "[They] have no broad thinking about the areas of stress." John Mullen, chairman of telecoms behemoth Telstra and logistics company Brambles, said management at both groups were testing assumptions contained in the outlook for the rest of this year, as well as medium term plans, "in the light of global inflation and potential recessionary conditions". Material adjustments not warranted Mr Mullen said the two companies were also reviewing their banking counterparty risks following the upheaval in the US and European bank sectors. But he said management had found no need…