TORONTO — Rogers Communications Inc. has launched a countersuit against former CEO Joe Natale, seeking to have him repay more than $15 million in severance to the company that fired him.
In a filing in Ontario Superior Court on Tuesday, the telecommunications giant claims Natale tried to"subvert corporate governance and his fiduciary duties for his personal gain."
The clip included a message congratulating Edward Rogers on his “real-life Succession at Rogers Communications" and used an expletive to describe Natale's departure from the company. Edward penned a shareholder resolution to oust the five directors who had defied him, without holding a board meeting. The company filed a legal challenge to his revamped board, sparking a court battle over who actually served on it.
"They were premised on an unlawful quid pro quo: his subordinates approved these improvident arrangements at the same time that Natale unilaterally offered and approved generous amendments to their own employment agreements," the court document reads.
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Rogers countersues ex-CEO Joe Natale, demanding repayment of severanceTORONTO — Rogers Communications Inc. is launching a countersuit against former CEO Joe Natale that looks to have him repay more than $15 million in severance to the company that fired him. In a filing in Ontario Superior Court on Tuesday, the telecommunications giant claims Natale tried to subvert corporate governance and his fiduciary duties for personal gain. Rogers says it has no further obligations to the former CEO, and that he must now answer for his conduct. None of the claims have been t
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Rogers countersues ex-CEO Joe Natale, demanding repayment of severanceTORONTO — Rogers Communications Inc. is launching a countersuit against former CEO Joe Natale that looks to have him repay more than $15 million in severance to the company that fired him.
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