Rogers chairman tightens his grip

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

For Canadian telecom tycoon Edward Rogers, power means the freedom to change one’s mind. A court ruled on Friday that the chairman of Rogers Communications was within his rights to oust five board members after they challenged his ouster of Chief Executive Joe Natale. With a reshaped board in hand, though, Rogers is throwing his weight behind Natale after all.

Rogers controls the company his father founded through a trust that holds his family’s voting shares. When he pushed to fire Natale, other directors – including some from his own family – tried to depose him . Now that their challenge has failed, Rogers’ grip on the C$30 billion company looks assured. Keeping Natale looks like an attempt to move on.

Perhaps Edward Rogers is on his best behavior while his firm pursues its C$26 billion acquisition of rival Shaw Communications

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.