TSX:RCI.A - Post Discussion
Post by
Dibah420 on Oct 21, 2021 2:53pm
From Ed R.
| Market Chatter: Rogers Chairman Says There Is "Room For Improvement" In Co's Performance |
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06:56 AM EDT, 10/19/2021 (MT Newswires) -- Rogers Communications Inc. Chairman Edward Rogers says there is "room for improvement" in the company's performance and that he has the firm's best interests at heart as he battles family members over its strategic direction, Bloomberg News reported overnight Monday. "As both Board Chair and a shareholder my primary focus is on the long-term performance of the business," he said in an emailed statement to Bloomberg. "On this point, industry stalwarts, controlling and minority shareholders, employees, analysts and market observers agree: there is room for improvement." Bloomberg noted that was Edward Rogers's first public comment since he tried to force out Chief Executive Officer Joe Natale and replace him with Chief Financial Officer Tony Staffieri, a shift that would also have meant the departure of a number of other senior executives. The effort failed when a majority of the board opposed the change at a meeting in late September. Staffieri left the company without explanation on Sept. 29. (Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) |
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