Rogers Communications Inc. denied that it owes money to its former chief executive officer and instead accused him of breaking his contract.
Joe Natale breached his fiduciary duty to the telecommunications firm and “improperly received” at least C$15 million after negotiating an enriched severance package that he wasn’t entitled to, the company said in a court filings.
Natale, on learning that September 2021 that he was about to be ousted as CEO, “sought support to significantly enhance his own employment arrangements” and dump Chief Financial Officer Tony Staffieri, who was in line to replace him, according to Rogers’ statement of defense and countersuit.
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