Thread by @TorontoStar

#StarInvestigation: Many lined up at the ‘Bank of Barry’ Sherman: Inside the $10 billion succession battle.

Part two of a three-part series from @_kevindonovan: thestar.com/news/investiga…

Alex Glasenberg was and still is the caretaker of what the Sherman family has long referred to as the “Bank of Barry.”

“I mean no disrespect of course, but Alex Glasenberg knows where all the financial bodies are buried,” said one Sherman insider.
thestar.com/news/investiga…

Glasenberg is the president of Sherfam, the Sherman family holding company, headquartered in a squat, two-storey building north of Toronto. He was among the first to learn the Shermans had been found dead just before noon on Dec. 15, 2017. thestar.com/news/investiga…

Son Jonathon has long considered himself the “heir apparent” (as he said in an email to his father shortly before his death), and has said he would like to remove Glasenberg from his position. But his sisters are aligned with Glasenberg, they told the Star
thestar.com/news/investiga…

"The whole thing is a s--t show." Complicating matters is the fact the three estate trustees with the legal authority to make decisions about the Sherman estate are Jonathon, Glasenberg and Brad Krawczyk, Alexandra’s husband, who works for Glasenberg.
thestar.com/news/investiga…

Jonathon, asked to describe what it was like to suddenly have so much money, told me in a lengthy interview in late December: “At some point, it is just extra zeros.” He said he plans to give away most of his share over the coming years.
thestar.com/news/investiga…

This is one of three parts of the #StarInvestigation #Succession:

Pt. 1: The Will: thestar.com/news/investiga…

Pt. 2: The Bank of Barry:

Pt. 3 (Saturday): Sherman Succession — The Battle Begins
thestar.com/news/investiga…