Rogers Communications is embroiled in a messy boardroom battle after a feud in the founding family erupted into the open
, weighing on the stock and raising doubts about the fate of a multibillion-dollar takeover.
Edward Rogers retaliated using his position as chair of the family-owned Rogers Control Trust, the entity that owns the majority of voting shares in the company, to constitute a new board, which recognized him as chairman. Judge Fitzpatrick questioned McEwan about whether a meeting should have taken place before Edward Rogers could act on behalf of the family trust. McEwan said Edward Rogers had sufficient shareholders such that a meeting was not necessary.
Edward’s move put him at odds with his mother and two sisters, who backed Natale, and resulted in his removal as the chairman of Rogers.
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