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The ousted chairman of Rogers Communication Inc. says he’ll go to the British Columbia Supreme Court docket in a bid to wrest again management of the corporate.
Edward Rogers made the assertion after holding a gathering that included 5 hand-picked administrators, meant to interchange members of the board that on Thursday eliminated him as its chair.
A press release from his camp says Edward Rogers was elected chair of the board at Sunday’s assembly.
Nevertheless, an earlier assertion from Rogers’ three siblings and the board they endorse pre-emptively rejected any end result of Sunday evening’s assembly, saying that solely the board because it existed Thursday has any authority.
The assertion says it comes from a bunch representing nearly all of the board.
However Edward Rogers stays chair of the Rogers Management Belief, the controlling shareholder, which, together with Rogers relations, owns 97 per cent of Class A voting shares.
The Sunday evening assertion is the newest improvement in an unpleasant combat for management of the corporate.
In September, Edward Rogers tried to get rid of CEO Joe Natale and put the corporate’s chief monetary officer, Tony Staffieri, into the highest job.
An emergency board assembly was referred to as, at which three members of the Rogers household — sisters Melinda and Martha, together with their mom, Loretta — banded collectively to cease Edward’s plan.
Natale reportedly heard of the plan to oust him when Staffieri by chance pocket-dialled him whereas discussing the plan with one of many firm’s former executives, the Globe and Mail reported Thursday.
The Rogers household’s company civil struggle escalated over the weekend, with Edward Rogers combating for management of the board as his mom and a sister condemn his actions publicly. 1:55
On Sunday afternoon, Loretta Rogers weighed in with a press release rejecting the result of Edward’s deliberate assembly, describing it as invalid.
“Edward sadly continues to proceed down a misguided and miscalculated path which leads nowhere productive and places his personal pursuits forward of these of Rogers staff, prospects and shareholders,” the assertion mentioned.
“He ought to cease instantly, as his behaviour merely serves to underscore his seemingly wanton disregard for good governance.”
Martha Rogers additionally issued a stream of tweets over the weekend, criticizing her brother’s bid to reassert management of the corporate.
I see Ed has appointed himself the Chairman. LOL. This must be taken as severely as if he appointed himself the King of England. <a href=”https://twitter.com/hashtag/OldGuardDown?src=hash&ref_src=twsrcpercent5Etfw”>#OldGuardDown</a>
—@MarthaLRogers
Ed will lose. His play date tonight with the Previous Guard is one other waste of time. Rogers & its belongings are greater than anyone curiosity. My father understood that. He’d be so upset to see how Ed & his puppet masters are behaving destroying the corporate he constructed. <a href=”https://twitter.com/hashtag/OldGuardDown?src=hash&ref_src=twsrcpercent5Etfw”>#OldGuardDown</a>
—@MarthaLRogers
The Previous Guards who puppeteer Ed, & who simply can’t let go, are led by 📌Phil Lind & 📌Alan Horn. My father trusted to “do the proper factor” & would have fired them in a heartbeat for making his greatest concern a actuality. Cash, energy & management have gone to their heads. <a href=”https://twitter.com/hashtag/OldGuardDown?src=hash&ref_src=twsrcpercent5Etfw”>#OldGuardDown</a>
—@MarthaLRogers
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