03:55 PM EDT, 10/29/2021 (MT Newswires) -- In a detailed affidavit filed with the B.C. Supreme Court on Friday, Loretta Rogers used her deceased husband's own words to decry the behaviour of their son amid the power struggle at Rogers Communications Inc. (RCI-A,TO, RCI-B.TO, RCI), BNN Bloomberg is reporting Friday. "It brings me no joy to swear this affidavit," Mrs. Rogers said. "But I feel compelled to do so in light of Edward's conduct."
BNN noted her words are landing just a few days before the B.C. Supreme Court is scheduled to hear arguments after Edward Rogers petitioned to have his hand-picked board of directors validated as the rightful governance body overseeing the company. The dispute stems from Mr. Rogers' attempt to oust Rogers' chief executive officer, Joe Natale, last month after arguing RCI was underperforming its peers under his leadership.
In her affidavit, Mrs. Rogers expressed disappointment that a family feud has burst into the mainstream, particularly so because she accuses Mr. Rogers of undermining the wishes of his father, Ted Rogers, who founded what is now Canada's largest wireless telecommunications operator. She referred to The Memorandum of Wishes that Ted Rogers communicated to the trustees and advisory committee of the Control Trust that holds almost all of the voting power at Rogers.
(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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