JS and his sisters were now the owners of the company, I assume he and they discussed to sell APOTEX, they were selling off divisions while JK was there, they had the power, the sisters were not taking part in anything but charities so maybe JS was the only one dealing with "APOTEX" situations?
2018 rbbmAccording to an article in the Globe, at the time it was a 4 person board of JS, BK, JK and another long term employee, I’m not sure who.
Donovan has likely listed them in an article at some point.
Apotex names Jeff Watson as leader after CEO Jack Kay departs
Apotex chief executive Jack Kay, 78, left the management team last week after coming out of retirement last January to guide one of Canada’s largest pharmaceutical businesses through a turmoil-filled yearwww.theglobeandmail.com
2018 rbbm
''Sherman was the scientist and the idea man, Kay said, while his job was to “operationalize” Sherman’s ideas.Barry Sherman’s son tells Apotex CEO to leave
Jonathon Sherman told his late father’s longtime friend Jack Kay to leave the generic drug company after more than 35 years.www.thestar.com
When Barry and Honey Sherman were killed, majority ownership of the company went to the Sherman children: Lauren, 43, Jonathon, 35, Alexandra, 32, and Kaelen, 28. None of them were working at Apotex at the time.
The Sherman estate has four trustees: Jack Kay, Jonathon Sherman, Brad Krawczyk (who is Alexandra’s husband), and Alex Glasenberg, an Apotex executive who manages the family’s investments. A court has sealed the estate file, saying it contains information that could be of importance to the police investigation and due to a fear of the family of “kidnapping and violence” if details of the file were revealed. The Star is appealing the sealing order.''
No, those are officers not directors.Is this ''the board''?
Our Leadership
www.apotex.com
According to an article in the Globe, at the time it was a 4 person board of JS, BK, JK and another long term employee, I’m not sure who.
Donovan has likely listed them in an article at some point.
Apotex names Jeff Watson as leader after CEO Jack Kay departs
Apotex chief executive Jack Kay, 78, left the management team last week after coming out of retirement last January to guide one of Canada’s largest pharmaceutical businesses through a turmoil-filled year
Shareholders elect directors, who have firing/hiring power of President/CEO.I’ve tried to follow how and why Jonathon was able to fire Jack Kay, but don’t fully understand it. To me it sounded like it was primarily Jonathon’s choice, but Jonathon told the Star he, Glasenberg and Krawczyk made the decision.
Daughter Alexandra said good things about Jack Kay after he was fired, but also mentioned that he and Jonathon were at odds.
Here’s a quote from the article you linked:
“Barry and Honey Sherman’s four children own approximately 90 per cent of Apotex through a family trust, valued at about $4-billion, while senior executives including Mr. Kay own the remainder. After Mr. Sherman’s death, the company named his son Jonathon Sherman and son-in-law Brad Krawczyk to its four-member board of directors, along with Mr. Kay and another long-time employee.”
I thought the fourth board member was Alex Glasenberg.
“Jonathon said in firing Kay he had the “unanimous” support of fellow trustees Glasenberg and Krawczyk. Glasenberg, in his response to questions from the Star about Kay’s firing, said he was “disappointed that Mr. Kay was not able to stay on with the Apotex group.”
[..]
The firing of Kay did not sit well with Alexandra. This was a man she and her siblings had grown up knowing as one of their father’s best friends. Recalling the months leading up to the firing, she said “Jack and Jon were fighting ... like two bulls butting heads.” She decided to back away from both of them.”
Brother vs. sister: Two of Barry and Honey Sherman’s children in a battle for control of the family empire
Son Jonathon and daughter Alexandra face off against each other in a struggle over control of the multibillion-dollar Sherman empire. Meanwhile, Sherman company boss Alex Glasenberg says his goal is to support Barry Sherman’s legacy.www.thestar.com
Wow, they're a little late on the draw!July 20 2023
'The home was demolished in May 2019, a year-and-a-half after their deaths. The property was reportedly purchased in 2020 by a woman who lived nearby.Property where Toronto billionaire couple murdered up for sale
The plot of land that once housed a mansion owned by billionaire couple Barry and Honey Sherman is on the market.torontosun.com
The listing describes the potential for a 12,000-square-foot dream home with an indoor swimming pool and below-ground parking on the premium 105-foot-by-256-foot lot. The property taxes are estimated at $19,147 a year.''
JK said that after he had been removed I believe. It was in a phone interview with Joe Warmington IIRC.
Amongst other potential beneficiaries, if MS was under the belief or understanding that she stood to inherit $300-$500 million under the terms of HS will (which she, like others, may have assumed existed), wouldn't that make her a member of the group of individuals that potentially stood to benefit financially from the deaths?
I have trouble believing she had anything to do with it, but possibly her family? If they believed Honey's money would trickle down, who knows? Seems a bit far fetched, though. MOO.
Aside from the 4 kids it would seem she had the strongest direct financial motive of anyone else. MOO
I don’t know… One would think Mary would want to be darn sure that Honey’s will existed and that it actually said what she wanted/expected before taking such an extreme and violent step. Especially because she was already benefiting *a lot* financially from Honey and Barry’s largesse. MOO
It was my understanding that Honey was to receive a windfall from her husband in the near future, at the time of their deaths, and from that windfall, Mary was somehow expecting, or had been promised by Honey (??) that Honey would then give most or all of it to Mary (that seems hard to believe - if H was to receive say $500,000,000 (half a BILLION), would she really then hand it all, or even $300,000,000 over to her sister??). It wasn't my understanding that Mary was simply being written into Honey's will for that amount. MS told KD her family is broke, no money for curtains, etc... Honey putting her sister into her will isn't going to help MS's curtain dilemma....... at least until Honey dies, if she was merely being left that money upon H's death - which could conceivably not have happened for 15 years or so. It was my understanding that MS mentioned this 'gift' from Honey to the Sherman children in the hopes they would honour their mother's reported wishes to do that for her sister, but instead, they put MS in their black book. imo.
