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Rogers Communications Inc
Symbol RCI
Shares Issued 393,771,907
Close 2021-10-27 C$ 58.20
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Globe charts early days of Mr. Rogers Goes for Control

2021-10-28 07:29 ET - In the News

The Globe and Mail reports in its Thursday edition that on a Friday in mid-September, Joe Natale was cooking dinner wiith his wife when he got a portentous call. The Globe's Alexandra Posadzki writes that on the other end of the line was Tony Staffieri, the company's long-time chief financial officer. Mr. Staffieri was speaking with David Miller, the chief legal officer at Rogers. The two men, who sounded like they were on a patio, were talking about how Mr. Staffieri was going to lead the company once Mr. Natale was out of the way. This was news to Mr. Natale, of course, who was in the midst of the most significant transaction in the company's 60-year history, a $26-billion merger with Shaw Communications. The plot to oust him was to force other senior members of the company's leadership team would be purged as well. That inadvertent phone call exposed a plan that has plunged the telco into chaos, and ignited the most spectacular boardroom and family drama in Canadian corporate history. The most recent twist has found the two sides headed to court over who sits on the company's board, after a move by chairman Edward Rogers to replace five independent directors who had opposed him was declared invalid by the company.

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