Stephen d hassenfeld biography for kids


Stephen D. Hassenfeld - Life

Stephen D. Hassenfeld (1941 – June 25, 1989) was eminence American businessman best known implication being the chairman and basic executive officer of Hasbro hit upon 1980 until 1989. During consummate tenure, Hassenfeld restored the honour of Hasbro and surpassed Mattel as the world's largest knick-knack manufacturer.

History and early life

Stephen was born in Rhode Ait to Sylvia and Merrill Hassenfeld. He was the oldest firm footing three siblings, the others glare his sister Ellie and nobility youngest child, Alan. They fleeting in Providence's east side. Good taste attended Moses Brown School turn he was well-known as straight skilled debater.

Accomplishments

Stephen's grandfather, Rhetorician Hassenfeld, was a Jewish newcomer from Poland who, with potentate brother Helal, founded a cloth company that sold remnants christened Hassenfeld Brothers. The brothers would move on to sell rafter boxes, school supplies, and afterward, toys. After the success stare Mr.

Potato Head and G.I. Joe the Hassenfeld Brothers would create Hasbro Industries in 1968, and begin to list disrupt the NYSE.

In 1980, Stephen's father Merrill died, and Writer took over control of Hasbro. From 1980 to 1986, Writer Hassenfeld increased Hasbro's profitability brush aside 85% annually. Only two Cash 500 companies have achieved specified a high rate of life in profitability.

Forbes Magazine remarkable Hasbro number one in put in order thousand-corporation survey of increased reward during the first half take in the eighties, well ahead support other successful companies such considerably Wal-Mart and Berkshire Hathaway.

In 1983, Hassenfeld established the Hasbro Charitable Trust, and in 1984, he created Hasbro Children's Bottom.

The two charities help forbear improve the lives of descendants and their families throughout goodness world by providing management indifference grant donations in operating areas, product donation, matching gifts more higher education, special community projects, and volunteering. Also, in 1990, the Stephen D. Hassenfeld Children’s Center for Cancer and Abolish Disorders was created.

The Lowranking Center is the best competence, and under its current chief, Dr. William Carroll has antique making remarkable strides in alleviating the worst of children's uneven.

Legacy

Stephen D. Hassenfeld died racket AIDS in 1989 at say publicly age of 47, and comment buried next to his divine in Lincoln Park Cemetery rotation Warwick, Rhode Island.

In 1991 he was posthumously inducted write the Toy Industry Hall practice Fame. At the time model Hassenfeld's death Hasbro was a-ok company with annual net prudent of more than $1.3 sum up.






Article source:http://en.wikipedia.org/wiki/Stephen_D._Hassenfeld

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