The question of how to divide up wealth goes back to the roots of the species. There have been many systems created to manage father-son succession
. The biblical story of the Prodigal Son—the journey of the younger son who pursues "self-discovery", takes up a quest to find and fulfill himself as the older brother commits to a more socially respectable way of being in the world and “moral conformity”—is all about how it is a father passes on the familial wealth. Are these deep trends and patterns playing out in the dynastic familial empire that is the Goodman family? It wouldn’t really be a surprise if this were the case, would it? These deep human patterns are ancient.
This fall, Jonathan, the other son, CEO of Dundee Capital Markets, board member since 1996, announced he was jumping ship and severing all links to the company. A Globe and Mail story quoted GMP analyst Stephen Boland, as writing that “[he did] not expect or anticipate any changes on the board, especially from one of the Goodman’s, which control the company.” Boland was also quoted as saying company’s focus on wealth management doesn’t sit well with Jon, who has been said to be setting out to start his own hedge fund. The move seemed a rather abrupt resignation. Jonathan has been Jonathan’s spot was only filled a couple days later when Mark Attanasio was named president of capital markets—the time delay in the appointment suggests the move wasn’t perfectly planned.
Were the old, deep, epic and mythic pattern played out again? Did the spurned, out-of-favour son, forced off the land when the farm was left to the older brother, find himself fated to be the prodigal one? “He wanted to do it on his own, otherwise he would get linked to us…He has decided he wants to do something else. We’re totally in favour of it and we’re going to help it,” Ned Goodman was quoted as saying in an interview with the Globe. “…he is still my son and his brothers love him…he wasn’t fired.”