Skip to content

Canada's Business and Tech Newsroom

  • Professional Subscription
  • Partnerships & Advertising
  • Licensing & Syndication
Log In Subscribe
Welcome,
  • My Account
  • Log Out
  • Business
  • Tech
  • National
  • The Big Read
  • Briefings
  • Commentary
Search
Log In Subscribe
Welcome,
  • My Account
  • Log Out
News

As Rogers family lawyers up, common shareholders can only watch

Martha Rogers has hired her own lawyers as the family struggle over control of Rogers Communications heads to court in British Columbia, she announced Wednesday.

News

As Rogers family lawyers up, common shareholders can only watch

By David Reevely
Rogers Communications Chairman Edward Rogers speaks to shareholders during the Rogers annual general meeting in Toronto in April 2018. Photo: The Canadian Press/Nathan Denette
Oct 27, 2021
A A
A Small A Medium A Large
Share

Share

Martha Rogers has hired her own lawyers as the family struggle over control of Rogers Communications heads to court in British Columbia, she announced Wednesday.

Rogers siblings and company board members have attacked her brother Edward in public for his power play at the family-controlled company for days now.

Both sides in the battle for control insist they want to continue with Rogers’s $26-billion acquisition of former rival Shaw Communications, but “it’s kind of hard to make such a big decision at the time when there’s obvious conflict between the owners of the firm,” said Jan Bena, an associate professor and chair of the finance division at the University of British Columbia’s Sauder business school.

These disputes are common, but it’s rare to see one with so many dimensions, Bena said. To name a few: Family members have personal feuds. Heirs to a family company frequently disagree about direction after a founder dies or gives up control. Directors lose faith in managers. Large shareholders’ interests diverge from those of small investors.

In the Rogers battle, it’s been all of the above. 

Bena studies corporate ownership and governance structures, which in Rogers’s case are critical to the fight. Founder Ted Rogers left command of the company to a family trust, which owns nearly all of its Class A voting shares. Regular investors can trade Class B shares, which come with periodic dividends and rise and fall in value (they rose 3.36 per cent today but are still below last week’s price), but don’t give their owners the usual say in corporate direction.

Ted Rogers died in 2008 and it’s taken nearly 13 years for an intra-family battle to burst into the open. “It’s all happening at the worst time—[at the same time] as a major acquisition,” Bena said.

Dual-share structures are common among tech startups, in which founders with visions want to retain command of their companies, and investors, knowing the risks, decide to let them. Google parent Alphabet has three classes: ordinary shares that come with one vote each and are widely traded; shares owned by founders and insiders with 10 times the voting rights, which are not tradeable; and shares, like Rogers’s Class B stock, with no voting rights at all. Facebook has two classes; so does Shopify. And Ford, for that matter.

This isn’t necessarily bad, said Bana, as long as investors know what they’re getting and that in the case of a fight like the Rogers family’s, they’ll be bystanders. “They are buying the stock with the risk that this can happen.”

#Rogers

Sponsored Content

The real-world economic offshoots of sovereign AI

By Deborah Aarts
Illustration of a plane flying above a mailbox

Increasing healthcare access across Canada

By Deborah Aarts

What it takes to lead a frontier firm

By Deborah Aarts
Paid promotional content

Loading...

Thanks for sharing!

You have shared 5 articles this month and reached the maximum amount of shares available.

Close
This account has reached its share limit.

If you would like to purchase a sharing license please contact The Logic support at [email protected].

Close
Want to share this article?

Upgrade to all-access now

Close
Gift the full article!

You have gifted 0 article(s) this month and have 5 remaining.

Copy link and gift
Copy Link
Email to a friend
Send Email
Gift on Social Media

Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.

Photo: The Canadian Press/Nathan Denette

Most Popular This Week

An image of a man wearing a white collared shirt. He is standing against a brown background with the word HOOPP written on it. He is slightly smiling and looking directly at the camera.
Exclusive

What the Maple 8’s first chief AI officer is up to

By Murad Hemmadi
A shot of Mark Carney standing in a dark suit in front of a large, red excavator on a construction site. Carney is looking behind him, off-camera.
News

Canada needs an investment ‘hub’ as Carney steps up push for foreign money, says federal agency

By David Reevely
Construction workers walk across a deck as a crane lifts a large bundle of steel rebar into place at a construction site.
The Big Read

Inside Bell’s all-Canadian plan to power the country’s AI future

By Murad Hemmadi
Melbourne city center skyline with views towards the Evan Walker pedestrian bridge flanked by Eureka Tower and far left Crown Casino on Melbourne Southbank.
News

Australia’s pension giant has $10B ready to invest in Canada. It wants something from Ottawa first

By Catherine McIntyre

In-depth, agenda-setting reporting

Great journalism delivered straight to your inbox.

Commentary

Carmichael: Canada’s culture of risk aversion has created an economic doom loop

By Kevin Carmichael

Briefing

TC Energy says North American natural gas demand is growing much faster than previously expected

By Meghan Potkins   |   Jul 30, 2026

Mississauga imposes data centre pause, as Toronto councillors scrutinize local projects

By Murad Hemmadi   |   Jul 30, 2026

A third of Canadian workers are using generative AI, but not for everything

By Murad Hemmadi   |   Jul 30, 2026

Best business newsletter in Canada

Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

Exclusive events

See the bigger picture with reporters and industry experts in subscriber-exclusive events.

Membership in The Logic Council

Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

Recent Popular Stories

The Big Read

Inside Bell’s all-Canadian plan to power the country’s AI future

By Murad Hemmadi   |   Jul 22, 2026
Construction workers walk across a deck as a crane lifts a large bundle of steel rebar into place at a construction site.
News

Canada needs an investment ‘hub’ as Carney steps up push for foreign money, says federal agency

By David Reevely   |   Jul 23, 2026
A shot of Mark Carney standing in a dark suit in front of a large, red excavator on a construction site. Carney is looking behind him, off-camera.
Exclusive

What the Maple 8’s first chief AI officer is up to

By Murad Hemmadi   |   Jul 28, 2026
An image of a man wearing a white collared shirt. He is standing against a brown background with the word HOOPP written on it. He is slightly smiling and looking directly at the camera.
News

Canada’s cyberspy agency exempts itself from Buy Canadian rules

By David Reevely   |   Jul 27, 2026
A shot of the sign outside Communications Security Establishment headquarters in Ottawa.
News

AI is helping bring Indigenous languages back from the brink

By Jonathan Feakins   |   Jul 24, 2026
A photo illustration featuring an archival photo taken in 1914 of a young Kwakiutl woman. Around her are shadowy images of totems and carved figures from her community on B.C.'s central coast. Super-imposed on the photos are words in Kwak'wala, the language of the Kwakiutl.
Commentary

Carmichael: The hard work of breaking down internal trade barriers is starting to pay off

By Kevin Carmichael   |   Jul 25, 2026

Canada's most influential executives and policymakers are reading The Logic

  • CPP Investments
  • Sun Life Financial
  • C100
  • Amazon
  • Telus
  • Mastercard
  • bdc
  • Shopify
  • Rogers
  • RBC
  • General Motors
  • MaRS
  • Government of Canada
  • Uber
  • Loblaw Companies Limited
logic-logo

Canada's Business and Tech Newsroom

100% human-crafted journalism

Newsroom

  • News Tips
  • AI Policy
  • Editorial Disclosures
  • Story Pitches

Company

  • About Us
  • Terms of Service
  • Privacy Statement
  • Corporate Information

Contact

  • Contact Us
  • Advertise
  • FAQs
  • Work at The Logic

© 2026 The Logic Inc. All Rights Reserved.

Trusted by leaders

Error

Account creation failed.

Please email us at [email protected].

Create Account

[wppb-register form_name=”cozmo-registration-form-for-modal”]

I do have an account
Login
or

[wppb-login]

I don’t have an account