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Please submit feedback to Thanks for your time!ĭo you question the accuracy of a fact you just read? At Factinate, we’re dedicated to getting things right. Your suggestions can be as general or specific as you like, from “Life” to “Compact Cars and Trucks” to “A Subspecies of Capybara Called Hydrochoerus Isthmius.” We’ll get our writers on it because we want to create articles on the topics you’re interested in. On Wednesday, Rogers issued what could possibly go down as the most hollow statement in Canadian corporate history: “On behalf of the Rogers family, the board and our 24,000 team members across the country, I thank Joe for his leadership and contributions to our company, including paving the way for our future together with Shaw,” said Edward Rogers, chair, Rogers Communications.Īll this, while trying to complete a C$26 billion merger.Want to tell us to write facts on a topic? We’re always looking for your input! Please reach out to us to let us know what you’re interested in reading. On 7 Novermber, in a one-word statement dripping with defeat, Rogers’ now former board said it would not appeal the ruling.
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Earlier this month it ruled in favour of the power-grabbing heir, giving him the green light to install a board of lackeys that would help him get rid of Natale. Unfortunately for MacDonald, Natale, and Edward’s sisters and mother, the Supreme Court of British Colombia didn’t see it that way. It is disappointing that the former chairman is attempting to act unilaterally without regard for the interests of the company and all of Rogers’ shareholders.” “Accordingly, the purported board meeting and anything that may arise from such a meeting is also invalid.
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is incorporated, and is therefore not valid,” said MacDonald, in a statement in late October. Edward Rogers to hold a purported board meeting with his proposed slate of directors…does not comply with laws of British Columbia, where Rogers Communications Inc. Funnily enough, Edward didn’t like this turn of events much, and so he unilaterally drew up a list of new candidates in order to replace every dissenting board member with allies. That’s when Staffieri was unceremoniously shown the door.Įdward’s family rallied around Natale and, with the backing of the board, removed Edward as chairman in October, replacing him with John MacDonald. However, they hit a bit of a snag when during a meeting to discuss the coup, Staffieri accidentally pocket-dialled Natale who overheard everything. Staffieri was all in favour of taking over from Natale. The idea met opposition from members of his family, including his own mother, who backed the incumbent. His plan involved replacing Natale with Staffieri and reshuffling the board, with Rogers himself remaining as chair, of course. Edward Rogers, chair of the board, head of the Rogers Family Trust – which controls 97 percent of the voting rights of the company – and the only son of the late founder of Rogers, Ted Rogers, has been working overtime this year to consolidate his grip on the company. Natale’s ousting is the culmination of a months-long feud between members of the telco’s owners, the Rogers family. His appointment is on an interim basis however, Rogers said in a statement he is one of the candidates for the permanent role, which will be decided once the Canadian operator completes its C$26 billion acquisition of rival Shaw. The billionaire’s boardroom battle at Rogers that descended into farce has carried out its coup de grâce.Īs expected, CEO Joe Natale been replaced by Tony Staffieri, who served as chief financial officer of Rogers until September, when he too was fired.