Accusing Natale of subverting corporate governance and breaching his fiduciary duties in the weeks before Rogers Communications chair Edward Rogers ousted him in late 2021, the company demanded he repay much of his severance and cover yet-to-be-specified additional damages. Natale sued Rogers in August for over $25 million, alleging wrongful dismissal and breach of contract. (The Logic)
Talking point: The public drama atop one of Canada’s biggest telcos began with an accidental phone call that tipped Natale off to Ed Rogers’s plans to replace him with Tony Staffieri, then the company’s chief financial officer. In private, Rogers’s new filing says, Natale agreed to end a mediocre stint as CEO before reneging; trying to organize a management revolt; enriching his own exit package through coercion and improper use of company funds; and disparaging Ed Rogers just as the company was trying to take over former rival Shaw. Natale “deepened and publicized the governance crisis he had initiated,” the company filing says. No claims on either side have been proven in court.