Canada - Barry, 75, & Honey Sherman, 70, found dead, Toronto, 15 Dec 2017 #10

[Tighthead]

If you’re referring to the ownership of Apotex, it’s not a publicly traded company therefore there are no “voting shares”. The shareholders of a private company (presumed beneficiaries in this instance) appoint the directors.

That’s why I asked you who you thought were the shareholders. The succession of Apotex is either finalized or it is not, but if you think the children are now shareholders then it obviously must be. And another possible reason considering an entire year has passed, is that JS has taken over the helm and JKay has reportedly departed.

Seriously? Private companies don’t have voting shares?

Please give me a source on this. I have never encountered a single private company that does not have voting shares, and usually non voting shares as well. What companies have you encountered with zero voting shares? How are they governed?

How do you appoint directors without voting?

Please do not confuse transmitting the shares with settling the estate. They are not the same thing. The management of Apotex is legally distinct from the administration of the estate.

 

[Tighthead]

It was you who questioned Andreww’s reference to “partial”.

Settling an Estate is a process, not one single act.

Where did I suggest it is not a process? Quote me. I believe I outlined components above.

You are the one who concluded the state is settled. Please tell me what you think is required to complete the process.

I did question your assertion of two people having a combined estate with four wills.

It’s funny how you correct me on things I’ve never said, and ignore my questions asking you to explain and support your assertions.

 

[Lexiintoronto]

You know the house hasn’t been sold?

Snipped by me.

A lightbulb turned on when I read that.

50 Old Colony Rd may have been specifically left or promised to one individual in either Barry’s or Honey’s will.

The house was on the market, and would likely be sold quickly. Possibly an end to that heritable item.

The new plot of land was in Honey’s name only and according to the Star, her will is missing.

Tim Bosmas’s murder was over a *truck*. Were the Sherman murders because of property or a promised inheritance? The Star has said one person has stepped forward to make a claim about something Honey promised them.

The Shermans were murdered, but the killers in effect ruined the home as well. Were the killers destroying what they thought should have been theirs?

 

[MistyWaters]

Seriously? Private companies don’t have voting shares?

Please give me a source on this. I have never encountered a single private company that does not have voting shares, and usually non voting shares as well. What companies have you encountered with zero voting shares? How are they governed?

How do you appoint directors without voting?

Please do not confuse transmitting the shares with settling the estate. They are not the same thing. The management of Apotex is legally distinct from the administration of the estate.

Upon the death of a private shareholder of a company, any outstanding shares become a part of their Estate, so of course “transmitting shares is involved in settling of an estate”.

This is my final post on the topic.

 

[dotr]

Wondering if BS was in the habit of wearing his white work coat home under his jacket?
Did he usually wear a tie to work?
Barry Sherman’s son tells Apotex CEO to leave | The Star

 

[MistyWaters]

Snipped by me.

A lightbulb turned on when I read that.

50 Old Colony Rd may have been specifically left or promised to one individual in either Barry’s or Honey’s will.

The house was on the market, and would likely be sold quickly. Possibly an end to that heritable item.

The new plot of land was in Honey’s name only and according to the Star, her will is missing.

Tim Bosmas’s murder was over a *truck*. Were the Sherman murders because of property or a promised inheritance? The Star has said one person has stepped forward to make a claim about something Honey promised them.

The Shermans were murdered, but the killers in effect ruined the home as well. Were the killers destroying what they thought should have been theirs?

The Old Colony Rd property was owned by a numbered company iirc, not Honey personally. But I don’t think we know the share ownership that was involved. But if the motive involved the new property, wouldn’t it be better to wait until the construction of the 16,000 sq ft home was complete because it’d have been worth substantially more than a bare lot.

 

[Tighthead]

Upon the death of a private shareholder of a company, any outstanding shares become a part of their Estate, so of course “transmitting shares is involved in settling of an estate”.

This is my final post on the topic.

Of course it is involved. It is one step in a process, your word. You have concluded that the estate is settled. Transmitting private shares under a second will doesn’t,wan the estate is settled.

Don’t go away. Your credibility rests on proving that Ontario and Canadian companies have zero voting shares, always.

You keep asserting your legal knowledge. Prove that claim.

 

[William_60]

Doubtful. Why would it? Don't think it was announced until after the murders. No one but the family knew.

I dunno, JDG.

A "circle" of people knew - before informing the family.

In an inner circle, there can be leaks.

 

[ldlager]

If you’re referring to the ownership of Apotex, it’s not a publicly traded company therefore there are no “voting shares”. The shareholders of a private company (presumed beneficiaries in this instance) appoint the directors.

That’s why I asked you who you thought were the shareholders. The succession of Apotex is either finalized or it is not, but if you think the children are now shareholders then it obviously must be. And another possible reason considering an entire year has passed, is that JS has taken over the helm and JKay has reportedly departed.

A private company can have both voting and non voting shares. And private company shareholders that hold voting shares vote to appoint Directors. This is especially relevant where there are multiple holders of voting shares, who may not all agree on the proposed slate of Directors.

 

[MistyWaters]

I dunno, JDG.

A "circle" of people knew - before informing the family.

In an inner circle, there can be leaks.

I wonder why the date on this link is Dec 11/17?

Order of Canada

• Member of the Order of Canada

Awarded on: December 11, 2017

Bernard “Barry” Sherman, C.M. (Deceased)
Toronto, Ontario
Dr. Bernard Sherman, C.M.

 

[Tighthead]

A private company can have both voting and non voting shares. And private company shareholders that hold voting shares vote to appoint Directors. This is especially relevant where there are multiple holders of voting shares, who may not all agree on the proposed slate of Directors.

I often see family companies set up where one spouse controls all the “A” class (voting) shares, and the spouse and children get non voting shares, usually in separate classes.

I wouldn’t be surprised if Barry was the sole voting shareholder, legally or beneficially. It’s also possible that Jonathan, due to his business experience, got the voting shares and his sisters an equal amount of non voting. I’ve seen wills where the more capable child was given control in this manner.

I’d really like an explanation as to why she believes private corporations don’t have voting shares. It sounds grossly uninformed, and I’m stunned someone would make such a declaration with confidence.

 

[JDG]

I dunno, JDG.

A "circle" of people knew - before informing the family.

In an inner circle, there can be leaks.

Do you have a link please, to the 'circle' who knew? Tx.

 

[MistyWaters]

A private company can have both voting and non voting shares. And private company shareholders that hold voting shares vote to appoint Directors. This is especially relevant where there are multiple holders of voting shares, who may not all agree on the proposed slate of Directors.

Is there a reason to believe Barry and/or Honey Sherman didn’t have controlling interest of Apotex upon their deaths, (ie not majority shareholders)? Going by media reports, it was the value of Apotex shares that contributed to Barry’s billion dollar net worth? Otherwise, that Barry (and/or Honey) didn’t have control over Apotex prior to their deaths and how that relates to their murders is a theory I don’t recall being discussed before.

 

[Lexiintoronto]

Do you have a link please, to the 'circle' who knew? Tx.

(You directed your question at William-but good friend and realtor Judi Gottlieb would possibly have quickly found out about the deaths from her assistant who discovered the bodies. News of deaths travel quickly.)

 

[Tighthead]

Is there a reason to believe Barry and/or Honey Sherman didn’t have controlling interest of Apotex upon their deaths, (ie not majority shareholders)? Going by media reports, it was the value of Apotex shares that contributed to Barry’s billion dollar net worth? Otherwise, that Barry (and/or Honey) didn’t have control over Apotex prior to their deaths and how that relates to their murders is a theory I don’t recall being discussed before.

Aren’t you going to take issue with the statement about companies having voting shares?

You were quite unequivocal in stating that private companies do not have voting shares, period.

No you are asking about corporate governance. How can one control a company without voting shares?

 

[Lexiintoronto]

Delete

 

[William_60]

Do you have a link please, to the 'circle' who knew? Tx.

No, but people planning to issue the award knew.

Think it was just one person?

 

[MistyWaters]

Aren’t you going to take issue with the statement about companies having voting shares?

You were quite unequivocal in stating that private companies do not have voting shares, period.

No you are asking about corporate governance. How can one control a company without voting shares?

Can this please stop? You’re mistaken if it matters what I might think.

If you have a theory why Barry Sherman upon his death, as Chairman of the company he founded, either lost or gave up control of it, feel free to share.

 

[dotr]

delete

 

[Tighthead]

Can this please stop? You’re mistaken if it matters what I might think.

If you have a theory why Barry Sherman upon his death, as Chairman of the company he founded, either lost or gave up control of it, feel free to share.

Why must it stop?

I’m simply asking you to explain a point you made. You stated it as fact, not belief.

You asserted that private companies don’t have voting shares, taking issue with something I said.

Are you serious in your belief as to that statement?

Don’t ask me to stop when you can’t back up what you say. You aren’t the victim.

I’m of the opinion that asserting things that are factually and unequivocally wrong pollutes the discussion.