You are dense, they hid it from the OSE, their share holders, and the public by not properly disclosing it on their financial statements.
They were more then willing to take the money. They were obviously ashamed on how they got it, if they are willing to risk an OSE investigation to hide it.
its right in a august 2020 news article....who’s dense now? It wasn’t hidden or a secret sorry
From saltwire.com
One example is Rogers Communications Inc. Rogers has announced that, for its quarter ended June 30, 2020, it had a revenue decline of 17 per cent as compared with 2019. But we won’t be starting a GoFundMe page – Rogers had net income of $279-million for the quarter and paid $252-million of dividends. Nonetheless, the revenue decline should deliver handsome cash subsidies to the company.
For the month of July, 2020, Rogers will compare its revenue with July, 2019, (or with the average revenue for the months of January and February, 2020, if that gives a better result). Rogers has 25,000 active employees, and if it has a 17-per-cent revenue decline in July, it should receive a subsidy of about $25-million for that month.
and the globe and mail reported it too...august 2020
With the economy on the mend, there was no reason to continue doling out cash for employees who are active and working productively in a business
www.theglobeandmail.com
kinda hard to keep it secret when it’s in the news ...
and it was disclosed to analysts in July :
Kevin Carmichael: Rogers broke from the pack in how it reported CEWS payments, so was overlooked in FP investigation
financialpost.com
We would have determined that Rogers received the wage subsidy had we paid closer attention to its earnings calls. When asked whether the company had disclosed that it was receiving CEWS, a spokesman provided a transcript of the company’s second-quarter earnings call with analysts in July. “We did qualify for and receive some funding for our media business, that essentially ground to a halt,” said chief executive Joe Natale, who had to make a bet on whether professional hockey would resume. “The choices were to either furlough employees and have them go on individual subsidy, or to keep employees here, take advantage of that support mechanism,” Natale added. “Having people on standby and ready versus having to call them back from furlough was an advantage to us as a whole.”
Rogers probably didn’t do anything wrong in disclosing this way. The OSC and other regulators afford managers a fair amount of discretion when it comes to publishing financial information, which means companies can opt for translucent over transparent, according to lawyers who advise companies on their public filings.