The Globe and Mail reports in its Saturday edition that former Rogers Communications chief executive officer Guy Laurence's undoing was his testy relationship with the children of Ted Rogers, and his blithe attempt to run the business as though it were a regular public company. The Globe's Christine Dobby and James Bradshaw write that it is not the first time that Rogers has had a messy succession.
In 2013, Nadir Mohamed, the man who had taken over after Ted Rogers's death in 2008, stepped down unexpectedly.
Thus began a months-long search for a new CEO that eventually brought Mr. Laurence to Canada. The hiring was championed by Edward Rogers, one of four Rogers family members on the board.
Mr. Laurence's first move was to crisscross the country on a "listening tour." One of the last stops on his listening tour, in the spring of 2014, was a visit to Loretta Rogers, Ted Rogers's widow. It is believed that in that meeting he explained the rationale behind his plan to remove her children, Edward Rogers and Melinda Rogers, from their operating roles in the company -- a delicate task that had broad support in the company's senior ranks. This move was the start of friction between the CEO and key family members.
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