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Joe Natale Salary

Joe Natale Salary: In his role as Director, President, and Chief Executive Officer of Rogers Communications Inc in 2020, Joseph Natale received total pay of $11,220,256 dollars. Total cash received was $2,234,599, equity received was $8,000,178, and pension and other types of compensation received $985,479, bringing the total cash received to $2,234,599. This information has been gathered from proxy statements submitted for the fiscal year 2020, which are available here.

Currently, Joseph M. Natale holds the positions of President, Chief Executive Officer, and Director of the organization. On April 19, 2017, Mr. Natale was appointed President and Chief Executive Officer of RCI Corporation.

Joe Natale Salary
Joe Natale Salary

Previously, Mr. Natale worked at Telus Corporation from 2003 until 2015, where he held a variety of executive roles, including President and Chief Executive Officer. Prior to joining KPMG in 2003, Mr. Natale had a number of senior leadership positions inside the organization, which he joined when it bought the business he co-founded in 1997, PNO Management Consultants Inc.

Mr. Natale is a member of the CivicAction Leadership Foundation and the Hospital for Sick Children’s Foundation boards of directors. Mr. Natale graduated with honors from the University of Waterloo with a BASc in Electrical Engineering.

Joe Natale Salary
Joe Natale Salary

Rogers is a truly Canadian firm that is devoted to making more possible for Canadians on a daily basis, no matter what the circumstances are in which they find themselves. A radio station called CHFI was purchased by Ted Rogers, the organization’s founder in 1960, and he has owned it ever since.

Since then, it has grown into a significant technology and media company with a mission to provide the absolute best in wireless, residential, sports and media services to the people of Canada and the businesses of the country. Wireless, residential, sports, and media are among the company’s goods and services.

Joseph Natale, known professionally as “Joe,” is 55 years old and has served as President, Chief Executive Officer, and Director of Rogers Communications since 2017. He is a member of the Order of Canada.

Rogers Communications has a mix of older and younger executives, with ten executives over the age of 50 and six executives under the age of thirty working for the company. The Director of Rogers Communications, Inc., Loretta Rogers, has been at the firm for 80 years and is the company’s oldest executive.

Joseph Natale receives a total of $11,704,000 in pay from Rogers Communications, where he serves as President, Chief Executive Officer, and Board Director. Rogers Communications does not have any executives that are paid more than their peers.

As part of a massive severance deal, former CEO Joe Natale was poised to get about $200 million in cash, consulting fees, and stock options when the company’s board of directors quickly reversed direction and battled to keep him on board.

Joe Natale Salary
Joe Natale Salary

The records that Edward Rogers, head of the family trust that runs the firm, filed in the British Columbia Supreme Court on Tuesday provide specifics of Mr. Natale’s departure deal.

Rogers and his family are engaged in a harsh and public battle for control of the telecommunications giant, which has exploded in the middle of the $26 billion takeovers of competitor Shaw Communications Inc., which saw its stock price rise by 0.16 percent.
Jeremy Rogers, the son of the late firm patriarch Ted Rogers, has filed a petition with the court to allow him to replace five independent members of the company’s board of directors with his own slate of directors without holding a shareholders meeting beforehand.

Joe Natale Salary
Joe Natale Salary

As part of a massive severance deal, former CEO Joe Natale was poised to get about $200 million in cash, consulting fees, and stock options when the company’s board of directors quickly reversed direction and battled to keep him on board.

The records that Edward Rogers, head of the family trust that runs the firm, filed in the British Columbia Supreme Court on Tuesday provide specifics of Mr. Natale’s departure deal.

As part of the $26 billion purchase of competitor Shaw Communications Inc., Mr. Rogers, and his family are engaged in a harsh and public battle for control of the telecom giant. SJR-B-T -0.13 percent decline in the stock of Rogers Communications Inc.
Jeremy Rogers, the son of the late firm patriarch Ted Rogers, has filed a petition with the court to allow him to replace five independent members of the company’s board of directors with his own slate of directors without holding a shareholders meeting beforehand.

Loretta Rogers of Rogers Communications answers questions.

Mr. Natale decided to quit the firm in late September after finding an inside conspiracy to depose him orchestrated by Mr. Rogers. However, in a dramatic change of events, the board of directors and other members of the Rogers family requested him to stay.

According to the records, Mr. Natale’s base severance for his negotiated retirement was $13.7 million, which corresponds to the amount he would have gotten under normal circumstances, which would have consisted of two years of pay, benefits, and retirement pension. Additional compensation included a one-time payment of $10 million for the completion of the Shaw transaction, an early advance on preferred stock units worth $4.1 million, and a performance incentive of $1.3 million for the whole calendar year 2021.

He was also given a second two-year consulting position with Rogers immediately upon his departure, under which he would oversee the merger of Rogers and Shaw if the acquisition concluded following regulatory clearance. Mr. Natale accepted the arrangement immediately after leaving. According to the arrangement, the company would have received $20 million ($10 million each year) in addition to a $4 million “complimentary success fee” when the Shaw transaction was completed.

Mr. Natale would also be permitted to retain his unvested restricted share units for a period of ten years, until 2031, which the firm estimates may be worth $142-million at that time if the company’s internal target share price of $125 per share is reached within five years of his departure. For every $10 increase in Rogers’ share price from now until 2031, the value of his unvested share units will climb by $21.9 million, according to the provisions of the agreement.

Joe Natale Salary

According to Mr. Rogers’ declaration, Mr. Natale was “pleased” with the termination payout and had begun telling the company’s senior executive team of his impending departure on the weekend of September 25, according to the document.

Mr. Natale’s entire severance payout, according to Paul Gryglewicz, senior partner at the Toronto-based compensation consulting company Global Governance Advisors, seems to have been tailored to minimize litigation between the employer and the employee, he said. “From my perspective, they are motivating Mr. Natale to refrain from filing a lawsuit alleging that he was improperly rewarded after bringing the Shaw offer to the table.”

When it comes to executive remuneration, the company’s 2020 proxy statement notes that if an executive is dismissed without reason, he or she will be required to renounce any remaining unvested shares, which means that the employee will not be able to profit from future share price gains.

What are Joseph Natale’s annual salary and benefits package?

Rogers would have permitted Mr. Natale’s unvested equity to continue to vest in the usual course of business in order for him to benefit from any future stock price gain in the event of Mr. Natale’s leave contract.

As Mr. Gryglewicz said, “They are sweetening the deal for him by attaching retirement treatment to that equity.” “That makes a lot of sense. Because he might make a compelling legal claim that organizing the Shaw transaction fundamentally altered the firm for the better and therefore he should not be entitled to any of the advantages of the transaction.”

A senior partner at Toronto-based pay consulting company Southlea Group, Ryan Resch, said that the CEO’s severance package looked to be “quite commensurate” with what he had seen in previous conversations when the executive had not intended to leave. “The only thing that distinguishes this case is the Shaw transaction.” As Mr. Resch explained to The Globe and Mail, “They are giving him with favorable treatment on his equity by considering this as if it were a retirement rather than a termination without reason.”

Joseph Natale receives a total of $11,704,000 in pay from Rogers Communications, where he serves as President, Chief Executive Officer, and Board Director. Rogers Communications does not have any executives that are paid more than their peers.