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Rogers Communications Ord Shs Class A RCI


Primary Symbol: T.RCI.A Alternate Symbol(s):  T.RCI.B | RCIAF

Rogers Communications Inc. is a wireless, cable, and media company. The Company provides connectivity and entertainment to Canadian consumers and businesses across the country. The Company also has a portfolio of media properties, which includes sports media and entertainment, television and radio broadcasting properties, multi-platform televised and online shopping and digital media. Its wireless segment provides wireless telecommunications operations for Canadian consumers and businesses. Its cable segment is engaged in cable telecommunications operations, including Internet, television, and other video, satellite, telephony, and smart home monitoring services for Canadian consumers and businesses, and network connectivity through its fiber network and data center assets to support a range of voice, data, networking, hosting, and cloud-based services. Its media segment offers a diversified portfolio of media properties, including specialty channels, digital media, and others.


TSX:RCI.A - Post by User

Post by RagingBull3on Nov 02, 2021 1:36pm
210 Views
Post# 34078223

Ted Rogers didn't give the company to his Wife,

Ted Rogers didn't give the company to his Wife, he gave control to the Control Trust and had the Chairman represent the control trust as I understand.   

So, Edward basically represents the Control Trust, which represents 97% of the controling votes. 

I makes sense to me that TED would not want the Chairman to do what ever he/she wants, as such there are other board members to keep the Chairman in Check.    So if ever the board goes against the Chairman, the Chairman would require/seek shareholders vote to see if he/she can get his way.  As such, if Edward really wants to remove the CEO and other board members, it makes sense a shareholder's vote should be required if he loses support of the board, which would be moot if indeed 97% of shareholders gave resolution to do so.    

It makes no sense to me that Edward can be remove as Chairman of Rogers without either Shareholders approval or from Edwards himself.    On the other hand, Edward replacing board members with resolution of 97% of the voting shareholders makes sense to me if indeed he was given such direction by 97% of the votes.   An actual "vote" would be moot... just silly.... 97% already basically voted.  

All just my opinion/view/thinking/understanding/guessing



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