Regarding Apotex, here’s two examples of contradictory information reported by the media. It seems anonymous media sources do not always provide reliable information.
The first, CBC actually printed a clarification to amend an earlier report indicating Apotex was uncooperative.
Barry and Honey Sherman deaths a targeted double homicide, police say | CBC News
Clarifications
- An earlier version of this story stated that police attempted to search Sherman's Apotex office. In fact, Apotex says police did search his office with the company's full co-operation.
Jan 26, 2018 10:39 PM ET
Another example of contradictions involves succession planning. The first is almost comical because private companies are not at risk of takeover in the way that publicly-traded corporations are.
Succession doubts cloud Apotex future after billionaire owner's death | Reuters
TORONTO (Reuters) - Canadian pharmaceuticals billionaire Barry Sherman failed to implement a succession plan at his Apotex business before his death last week, two business associates told Reuters, potentially leaving it vulnerable to takeover approaches....”
Then Dec 22nd, a spokesperson from Apotex -
Barry Sherman, found dead with his wife in their home, set up 'robust succession plan' for Apotex 5 years ago | CBC News
“Barry had developed a robust succession plan which he began implementing five years ago when he stepped down as CEO," Apotex spokesman Jordan Berman said in an email Friday.
"From that point on until his tragic death, Dr. Sherman was no longer involved in day-to-day operations at Apotex rather, focused on some specific aspects of the business."..”
The issue is that even if Barry implemented a management succession plan, and maybe wasn’t as involved in day to day operations, I don’t think he developed a plan to deal with what should happen with ownership of the company if he was not alive. Perhaps he had discussed his wishes with Honey, but she’s not here either. So the kids, who are not involved in the business, are left to deal with the ownership issue. And i believe that it is generally accepted that they intend to sell the company to monetize their equity.