Barry Sherman’s son raised concerns about Apotex founder’s investment strategy and business competence: Sources[/B]
By
Kevin DonovanChief Investigative Reporter
Thu., June 27, 2019
In the spring of 2015, upset with what he saw as reckless business decisions,
Apotex billionaire Barry Sherman’s son Jonathon floated the idea to his three siblings that their father was incompetent and unable to manage the family’s business affairs, according to three sources with knowledge of the matter.
This came at a time when Jonathon and Barry were having tense discussions about how the Sherman family fortune should be spent. Specifically, according to an email exchange he had with Barry over two days, Jonathon disagreed with what he saw as his father’s reliance on “gut” feelings instead of sound business plans. Jonathon also wanted more money invested with his own ventures, and less with his father’s friend, businessman Frank D’Angelo.