Thursday, October 30, 2008

Uncertain furture for Ted Rogers' company


Even though he had suffered many health problems, many investors and employees found it difficult to imagine a business without their founder, Ted Rogers. However, that day has become today, with Rogers passing away at the age of 75 due to heart problems. In late October, he stepped down from the position, with Alan Horn as the interim chief executive. The company has said that they will look for a new CEO, and will consider internal and external candidates. However, many analysts believe that the new CEO will come from the company's office of the president, including the CFO and the COO of communications. Rogers itself has already stated that the position would most likely go to an insider. Ted Rogers has continuously stressed the fact that he wanted to see one of his own children become the CEO one day.

Ted Rogers was a remarkable man, building a company whose cell phone service is better than its competitors combined. Rogers also offers high-speed internet and a good TV service. I know this sounds like a Rogers commercial, but to be honest, Rogers is consistently better in all areas of communications I use than services like Bell or Telus. I think the future for Rogers is certain, that it will continue to succeed as it is already. This is similar to an Apple-Steve Jobs issue. No matter who will be the CEO, as long as the company turns out great products, it will continue to succeed.

http://www.thestar.com/business/article/547008

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