What Victor Newman and Jack Abbott tell us about Ed, Loretta and Martha's battle for Rogers
Dual-class share structures — both fictional and real — can cause corporate governance issues
The continuing story of who controls telecom giant Rogers is straight out of a television soap opera, but there are real legal and business principles at play here.
In the world of The Young and the Restless, viewers have seen corporate battles over who sits on a board of directors that have a lot of similarities to the Rogers saga — minus some evil twins, faked deaths and swapped paternity tests.
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On both soap operas and in real life, dual-class share structures are the culprit, when a company takes regular investors money and doesn't give them a vote in exchange. In the case of Rogers, the family owns a minority of shares but has a majority of the control — and fights over it.
And it's not just Rogers. Bombardier, Shaw, Canadian Tire, and tech giants like Facebook have similar structures.
Cost of Living producer Anis Heydari looks at how dual-class shares work and explains what it has to do with Victor Newman, Jack Abbott and the fictional boards of Newman Enterprises and Jabot Cosmetics.