Rest In Play - 1980 thru 1989

Louis Marx

2021-12-04 10:29:17

Louis Marx (August 11, 1896 – February 5, 1982) was an American toy maker and businessman whose company, Louis Marx and Company, was the largest toy company in the world in the 1950s. He was describ...ed by some as an experienced businessman with the mind of child.[1] Marx was known by numerous nicknames, including "Toycoon," "the Henry Ford of the toy industry," "the hawk of the toy industry," and "the toy king of America. (from Wikipedia)Show more

Stephen D. Hassenfeld

2021-12-04 10:25:38

January 19, 1942 – June 25, 1989) was an American businessman best known for being the chairman and chief executive officer of Hasbro from 1980 until 1989. In 1980, Stephen's father Merrill died, an...d Stephen took over control of Hasbro. From 1980 to 1986, Stephen Hassenfeld increased Hasbro's profitability by 85% annually. Only two Fortune 500 companies have achieved such a high rate of growth in profitability. Forbes magazine rated Hasbro number one in a thousand-corporation survey of increased value during the first half of the 1980s, well ahead of other successful companies such as Wal-Mart and Berkshire Hathaway. In 1983, Hassenfeld established the Hasbro Charitable Trust, and in 1984, he created Hasbro Children's Foundation. The two charities help to improve the lives of children and their families throughout the world by providing management of grant donations in operating areas, product donation, matching gifts to higher education, special community projects, and volunteering. Also, in 1990, the Stephen D. Hassenfeld Children's Center for Cancer and Blood Disorders was created. The Children's Center is affiliated with NYU Langone Health, and under its current director, Dr. Elizabeth Raetz has been making remarkable strides in alleviating the worst of children's suffering. (from Wikipedia)Show more