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facts about barry sherman.html

57 Facts About Barry Sherman

facts about barry sherman.html1.

Bernard Charles "Barry" Sherman, was a Canadian businessman and philanthropist who was chairman and CEO of Apotex Inc With an estimated net worth of US$3.2 billion at the time of his death, according to Forbes, Sherman was the 12th-wealthiest man in Canada.

2.

In 1971, Barry Sherman married his wife Honey, who would later rise to prominence in Canadian philanthropy, serving on the boards of several prominent charities.

3.

Barry Sherman was ten years old when his father died from a heart attack.

4.

Barry Sherman won a national physics contest while attending the Forest Hill Collegiate Institute and graduated with top marks.

5.

Barry Sherman later wrote that he chose that program specifically because it was reputedly the university's hardest.

6.

Barry Sherman worked as a driver, primarily picking up urine samples for pregnancy tests.

7.

When his uncle would travel, Barry Sherman often helped watch over the operations.

8.

Barry Sherman graduated from U of T in 1964 with the highest honours in his class, and received the university's Governor General's Award for his thesis.

9.

Barry Sherman then enrolled at the Massachusetts Institute of Technology, from which he received a PhD in astrophysics in 1967.

10.

Barry Sherman later recalled that his interest in business as a career was piqued when he was aged 10, when his father took him to work at his zipper factory in downtown Toronto and gave Barry Sherman some zippers to count and box.

11.

Barry Sherman later wrote that his father was surprised at how well he did, filling "more than would have been done in the same time by any of his paid staff".

12.

Barry Sherman recalled feeling insulted when his father counted them.

13.

In 1967, after completing his PhD, Barry Sherman purchased Empire Laboratories from the executor of the estate of Louis Lloyd Winter and his wife, Beverley.

14.

Winter's estate allowed Barry Sherman to buy a majority stake in Empire and run it only on the condition that the four Winter children be allowed to work for the company when they reached 21, with the option to buy five-percent stakes in the company two years later, with 15-year royalties on four of its patented products.

15.

Barry Sherman worked out a deal to swap shares with Empire's largest customer that put it in control of the company.

16.

Barry Sherman became involved in nutraceutical manufacturing and other businesses, founding the National Institute of Nutrition with Richard Kashenberg.

17.

Barry Sherman later sold NION to Schiff and continued on to Apotex.

18.

For example, Barry Sherman put money into a yacht-chartering company which turned out to be a shell corporation that had never bought any yachts.

19.

In 1996, when US regulators began investigating the fraud claims that would later lead to Trudeau's imprisonment, Barry Sherman sold half his stake to the Apotex Foundation.

20.

Barry Sherman's associates felt he was often too generous and trusting with these businesses, failing to do proper due diligence.

21.

For fifteen years, Barry Sherman partnered with Frank D'Angelo, a fruit-juice maker who was trying to branch out into other businesses.

22.

Barry Sherman's money financed all eight films D'Angelo had made through 2018.

23.

Rootenberg persuaded Barry Sherman to invest in his development of an online trivia game; Barry Sherman later filed a lawsuit against Rootenberg, alleging the latter had simply pocketed the money.

24.

Barry Sherman married Honey Reich in 1971, a fellow U of T graduate of Austrian nationality who was the daughter of Polish Jewish Holocaust survivors.

25.

The Barry Sherman family frequented a ski club on winter weekends, but while Honey and the children availed themselves of the trails, Barry Sherman remained in the lodge poring over documents.

26.

Similarly, Barry Sherman did not play golf and would spend vacations reviewing business material.

27.

Barry Sherman asked her to take it back, and she did.

28.

The leader of a private charity watchdog group said Barry Sherman was "using his foundations as a piggy bank" and called on Canadian lawmakers to change the law.

29.

Barry Sherman had a mixed reputation, or what the National Post called "Two Legacies".

30.

Barry Sherman sought to manipulate our system to enrich himself and impoverish Canadian patients who used his drugs.

31.

Barry Sherman responded by withdrawing millions of dollars in financial assistance to his cousins.

32.

The Winter children contended that Barry Sherman "had offered the financial assistance in the first place in order to make the cousins dependent on him, and to keep them from learning about their rights to the business", an allegation Barry Sherman denied.

33.

In particular, they claimed that the garage, a structure with a tennis court on top and a basement lap pool and hot tub, was faulty; Barry Sherman called it a "disaster".

34.

Barry Sherman described the manuscript as his observations on philosophy, Canadian politics and the pharmaceutical industry.

35.

Barry Sherman did not believe in God, free will, altruism or morality.

36.

Barry Sherman was targeted by the Canadian wing of the Jewish Defense League, a group on the FBI's terrorist watchlist, and had been sued by Israel's largest generic-drug maker, Teva Pharmaceutical Industries.

37.

Barry Sherman was known for the vigour of his lobbying efforts.

38.

When Prime Minister Brian Mulroney's government passed a law that extended patent protection for brand-name drug makers, Barry Sherman complained that it would be destructive to smaller generic drugmakers and began supporting Jean Chretien and the Liberal Party, who had promised to review the law if they took power in the 1993 general election.

39.

Barry Sherman donated millions of dollars to U of T for a research centre, contributions he withdrew when the letters the university wrote to the Mulroney government opposing the new regulations did not result in those regulations being withdrawn.

40.

In 2006, still unsatisfied, Barry Sherman supported the campaign of Joe Volpe to become Liberal leader.

41.

At the time of his death, Barry Sherman, legally registered as a lobbyist, was under investigation because of a fundraiser he had held for Justin Trudeau in April 2015, allegedly contrary to Canada's lobbying rules.

42.

Barry Sherman filed a lawsuit in May 2016 attempting to quash the investigation before it was finished, a legally unprecedented move in Canadian history.

43.

Honey was planning to leave for a holiday vacation in Miami a few days later; Barry Sherman was to join her a week later.

44.

Later that evening, after returning home, Barry Sherman sent his Apotex staff a routine email about a drug the company was developing.

45.

Barry Sherman did not call anyone during that night, which they said was unusual because he frequently suffered from insomnia.

46.

Barry Sherman was seated, his legs crossed, on the pool deck; Honey was on her side with a bruise on her face.

47.

Honey suffered face injuries and Barry Sherman did not, fueling initial police speculation she was the victim and Barry Sherman was not.

48.

The Barry Sherman children issued a statement urging the police to conduct a thorough criminal investigation and chastised the police for leaking a murder-suicide theory.

49.

Barry Sherman hired Tom Klett, a retired Toronto Police detective who has worked in the homicide, drug, and intelligence bureaus.

50.

Barry Sherman himself had acknowledged that an attempt could be made on his life.

51.

At the time of the homicides, Barry Sherman had just won a ruling that the Winters owed him $300,000 in legal fees, less than he had asked for, for their lawsuit, itself dismissed three months earlier.

52.

Barry Sherman admitted to The Fifth Estate that he had imagined killing Sherman but says that he did not, and was watching Peaky Blinders on Netflix, then attending a Cocaine Anonymous meeting that night.

53.

Two weeks before the murders, Barry Sherman asked his son, Jonathon Sherman, to repay him tens of millions of dollars that Jonathon had borrowed for his storage business.

54.

Also mentioned as possibly having a motive to kill Barry Sherman is Frank D'Angelo, given the long history between the two and the latter man's checkered legal history.

55.

Barry Sherman believed that "somebody came to make Barry an offer he couldn't refuse, and he refused".

56.

In June 2019, people close to the Shermans said Barry had planned to give to charity or invest much of his fortune.

57.

Trustees for the Barry Sherman family fought to keep details of the estate secret.