Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Amazon Fire HD 8 tablet, 8” HD Display Buy Now
OYOANGLE Mens Baggy Dress Pants Buy Now
ALDO Gloadithh Tote Buy Now
Augusta Women's Wayfarer Shorts Buy Now
Crystal Accented Bracelet Watch Buy Now
NELEUS Women's Running Shorts Buy Now
Avenue Man Volume Lift Mousse Buy Now
Y2K Striped Oversized Tee Buy Now
Y2K Crop Tops Buy Now
Roswear Women's Bermuda Shorts Buy Now
Womens High Waist Yoga Pants Cutout Ripped Leggings Buy Now
Wide Brim Straw Panama Hat Buy Now
CQR Mens Tactical Pants Buy Now
PELADN Mini PC Intel N5095 Buy Now
Into the AM Men's T-Shirt Buy Now
180° Flip Screen Compact Camera with Flash Buy Now
Lenovo 14" Business Laptop w/ 40GB RAM, 1TB SSD Buy Now
Women's Cotton Modal Pajama Set Buy Now
Echo Dot (3rd Gen) Charcoal Buy Now
OLCHEE Women’s Workout Sets 2 Piece Buy Now
MoreBack to News Headlines
Edward Rogers not giving up, seeking to get rid of 5 members of Rogers board

Edward Rogers not giving up, seeking to get rid of 5 members of Rogers board

CBC
Friday, October 22, 2021 6:47 PM GMT

Despite being removed as chair of the company that bears his name, Edward Rogers is not giving up in his battle for control.

In a press release late Thursday, Edward Rogers says he is seeking to remove five members of the board of Rogers Communications Inc. and replace them with five of his choosing.

In the release, Edward says he "believes that it would be in the best interests of RCI to reconstitute the board."

The move comes after Edward was removed as chair of the company on Thursday amid a messy battle for control behind the scenes. In September, Edward tried to get rid of CEO Joe Natale and put the company's chief financial officer, Tony Staffieri, into the top job.

An emergency board meeting was called, a meeting at which three members of the Rogers family — sisters Melinda and Martha, along with their mother, Loretta — banded together to stop Edward's plan.

Natale reportedly heard of the plan to oust him when Staffieri accidentally pocket-dialled him while discussing the plan with one of the company's former executives, the Globe and Mail reported Thursday.

Staffieri left the company abruptly within days. But that didn't stop Edward's attempts to make changes at the top.

After weeks of behind-the-scenes battles, he was voted out as chair of the board of the company his father, Ted, founded. He was replaced as chair by independent director John MacDonald, who is among the five board members that Edward is trying to remove, along with John Clappison, David Peterson, Bonnie Brooks and Ellis Jacob.

While out as chair, Edward Rogers remains on the company's board. And his move to replace other members of the board suggests he's still seeking change at the top.

"This story may not be over," Prof. Richard Powers with the Rotman School of Management in Toronto told CBC News in an interview on Thursday evening.

While Rogers Communications Inc. is a public company with shares that freely trade on the Toronto Stock Exchange, the family maintains effective control over the company through an entity known as the Rogers Control Trust that has 97 per cent of the company's A shares, which have 50 times more voting rights than the shares that float on the stock market.

In response to Edward's move, the company issued a statement Friday saying it was concerned that the trust would seek to make a fundamental change in such an unusual way.

It added that it had not yet received any documentation from Edward Rogers or the trust regarding the board member changes and that it would consult with its counsel if and when that happened.

Glen Rowe, a professor of strategy at the Ivey Business School in London, Ont., says that a messy dispute like this at a company the size of Rogers is rare.

Read full story on CBC
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
'It's like Groundhog Day': Canadian dairy producers are used to Trump calling them out, but worry remains

Dairy producers say they're used to U.S. President Donald Trump's jabs at their industry, as he threatens yet another round of tariffs on Canada. But they're still worried about what the continued threats could mean for the supply management system that protects them.

Canada's merchandise trade deficit narrowed to $5.9B in May

Canada's merchandise trade deficit narrowed to $5.9 billion in May, according to data from Statistics Canada, after hitting a record high in April.

Non-profit run by 23andMe co-founder gets court approval to buy the genetic testing company

Anne Wojcicki's bid to buy 23andMe, the genetic testing company she co-founded nearly 20 years ago, has received the court green light.

Lululemon sues Costco over sale of alleged knock-offs

Lululemon is accusing Costco of infringing on its intellectual property by selling knock-offs of some of its most popular products.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us