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Canada's Succession: Rogers' boardroom drama explained

Canada's Succession: Rogers' boardroom drama explained

This Matters

October 25, 202117m 45s

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Show Notes

Guest: Christine Dobby, Business Reporter at the Star

It has been an extraordinary week at the highest level of power at Rogers Communications, one of Canada's largest telecommunications empires. A battle for control has been underway, pitting Edward Rogers against other family members as he attempted to change the company's CEO and put his hand-picked replacement in his place. While that manoeuvre was thwarted, the power struggle has resulted in Twitter storms from Martha Rogers, Edward's sister, and John Tory, the mayor of Toronto, being called in to attempt to mediate. Now the company seems to find itself with two board of directors, with each claiming legitimacy. On top of all that, exclusive Star reporting confirmed that Edward tried to meddle with the Raptors' leadership this past summer, in a manner that may show some patterns to his corporate activism. With 24,000 employees and the ongoing $26 billion acquisition of former rival, Shaw Communications, there is at lot stake for one of Canada's largest media empires.