March 14, 1998 |
Mattel Inc. Chairwoman Jill E. Barad received a 1997 pay and stock options package that could reach a value of $26.2 million, the company said. The compensation included a salary of $1.1 million, compared with the $920,199 she received as president and chief executive in 1996. Barad was appointed chairwoman in October 1997. The El Segundo-based toy maker awarded Barad options to buy 4.9 million common shares, a package with a potential value of $23.
August 30, 2000 |
A privately held Tennessee-based toy company is suing Mattel Inc. and its Fisher-Price Inc. unit for allegedly violating its patent on technology used in Mattel's Winnie the Pooh reading toy. General Creation claimed ownership of a patent for reading toys that provide page-by-page audio interpretation of accompanying books. General Creation said the technology covered by the patent is integral to its line of interactive plush toys.
April 17, 2013 |
Frankie Stein, Clawdeen Wolf and the other not-so-mean girls at Monster High stole Barbie's thunder in the first quarter as sales of the toys led Mattel Inc. to more than quadruple its profit. Sales of Mattel's Other Girl line, headed by Monster High, were up 56% compared with the first quarter of 2012. The colorful dolls that are supposedly the offspring of famous monsters have leaped into second place in the El Segundo company's doll lineup. Barbie is still the queen bee at age 54, but sales of the iconic doll were down 2%. The fastest roller coaster and other record-setting thrill rides Mattel reported a profit of $38.5 million, or 11 cents a share, in the quarter that ended March 31, a leap up from $7.8 million and 2 cents a share in the same period a year ago. Revenue was up 7% to $995.6 million.
December 29, 1996 |
In the third such incident since Christmas, a little girl's hair got caught in the mouth of a battery-powered Cabbage Patch doll that mimics eating. Carly Mize, 3, of Easley, S.C., started crying when her doll snagged her hair. Her mother, Tammy Mize, said a patch of hair was pulled out of her scalp. The Cabbage Patch Snack Time Kid doll, which is supposed to "eat" plastic French fries and other fake food, has no on-off switch. A doll belonging to Sarah Stevens, 7, of Griffith, Ind.
January 13, 2014 |
The feud between fashion doll giants MGA Entertainment Inc. and Mattel Inc. got another infusion of legal juice on Monday, when Bratz maker MGA sued Mattel over allegations that the Barbie maker filched trade secrets at toy industry conventions. Van Nuys-based MGA accuses Mattel of sending corporate spies armed with fake business cards and a “how to steal” manual into private MGA showrooms from 1992 through at least 2009. There, the agents pilfered MGA price lists, advertising plans and covert product attributes, giving El Segundo-based Mattel “an unfair and illegal advantage in the market” and costing MGA “tens of millions of dollars in damages,” according to MGA's complaint.
November 2, 1999 |
Carnegie Investment Management Ltd. offered to buy up to 11.34 million shares, or 3%, of Mattel Inc. for $14.35 a share to gain an equity position in the world's No. 1 toy maker. Carnegie Investment, a private company based in the Cayman Islands, said the offer is open to all Mattel stockholders, except holders of restricted shares. The offer represents a 5.8% premium for Mattel shareholders based on Monday's closing price.
March 12, 1998 |
Mattel Inc. is expanding its http://www.barbie.com Web site to include attractions for young girls and their parents. The Web site previously focused on adult collectors. The site is "designed to engage girls in fun and creative play" by offering them a variety of interactive activities, according to a company spokesman. Girls will be able to download new phrases for the Talk With Me! Barbie doll--the first time, Mattel says, that a toy can be programmed from the Internet.