US EditionRogers countersues ex-CEO Joe Natale, demanding repayment of $15M in severance
- Rogers Communications Inc. Has launched a countersuit against former CEO Joe Natale, seeking to have him repay more than $15 million in severance. Natale had previously filed suit against Rogers for wrongful dismissal and breach of contract, alleging malicious conduct by chairman Edward Rogers.
- Natale's departure from the company was the result of a boardroom power struggle over the chairman's desire to replace him with then-chief financial officer Tony Staffieri. Natale had initially agreed to resign and negotiated a retirement package before reneging on the agreement.
- The suit also claims that Natale tried to subvert corporate governance and his fiduciary duties for personal gain and demands a combined $24 million for himself and his firm Natale Industries Inc. None of the claims from either party have been tested in court.
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Rogers countersues ex-CEO Joe Natale, demanding repayment of $15M in severance
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.
·Bradford West Gwillimbury, Canada
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Total News Sources18
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
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L 78%
11%
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