‘We’ll Spend Every Penny,’ Martha Rogers Warns in Family Power Struggle
- Edward Rogers calls board meeting; company says it’s not valid
- ‘Nothing you can do will deter us,’ Martha Rogers writes
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The power struggle that’s tearing apart Rogers Communications Inc. has escalated, with former chairman Edward Rogers claiming he has regained control of the board and his sister warning that family members will “spend every penny” to stop him.
Edward Rogers said he had delivered a shareholder resolution to replace five existing directors immediately, including John MacDonald, who replaced him Thursday as chairman, with five of his own allies. The new board will meet this weekend to discuss the company’s proposed $16 billion takeover of Shaw Communications Inc. and other matters, Edward Rogers said in an emailed statement.