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Sports Billionaires Feud Over $3,000-an-Hour Estate Trustee Bill [Yahoo! Finance]

Rogers Communication, Inc. (RCI) 
Last rogers communication, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.rogers.com
Company Research Source: Yahoo! Finance
(Bloomberg) -- The billionaire owners of one of North America's biggest sports empires are locked in a feud over the $3,000-an-hour bill one handed the other for administering his deceased mother's estate. In a court filing this month in Toronto, telecommunications scion Edward Rogers objected to the nearly $8 million fee claimed by the three trustees of his mother's estate. One of them is Larry Tanenbaum, Rogers' partner in the holding company that owns the National Basketball Association's Toronto Raptors and the National Hockey League's Toronto Maple Leafs. The trustees claim they've spent 2,652.5 hours administering the C$250 million ($181 million) estate since Loretta Anne Rogers died in 2022. Edward Rogers says that estimate is “exorbitant” given much of the day-to-day management was overseen by employees of the Rogers family office, and the three trustees hired professionals to help them, according to the filing. He also takes issue with the rate of compensation these hour Show less Read more
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