Former Rogers CEO Joe Natale is suing the company for wrongful dismissal and breach of contract, alleging Rogers chairman Edward Rogers carried out "malicious, high-handed, and oppressive conduct." Natale attends the company's AGM in Toronto on Thursday, April 18, 2019. THE CANADIAN PRESS/Chris Young
But Rogers called its former chief executive's claims "baseless" and alleged Natale "engaged in serious misconduct" while serving at the company's helm. It said as a result, it has now terminated Natale for cause. He said he and his firm Natale Industries Inc. are entitled to a combined $24 million, including $4 million from an unpaid bonus related to the closing of Rogers' acquisition of Shaw Communication Inc. in April.Natale's departure from the Toronto-based telecommunications giant was announced following a boardroom power struggle over the chairman's desire to replace him with then-chief financial officer Tony Staffieri.
A British Columbia Supreme Court judge ruled Edward Rogers' declaration legitimate and he was reinstated as chairman.In the court filings, Natale said he negotiated and agreed upon the terms of his severance in a series of meetings with Edward in September 2021, that were approved by the Rogers board.
In a statement, Natale spokesman Bill Walker of MidtownPR said "it is unfortunate that Rogers will not honour its commitments made to Mr. Natale." "While we would have preferred to deal with this matter privately, Mr. Natale has left us with no choice."
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