Word: barad
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...seen this coming. Mattel attempted to get into educational software in the late 1990s, spending $3.6 billion to buy the Learning Company. But "Mattel just didn't understand the software business," says analyst Gikas. The blunder led to more than $400 million in losses and cost then CEO Jill Barad, who had revived Barbie, her job. Under CEO Robert Eckert, Mattel got back to building basic brands like Barbie and Hot Wheels. But Barbie's sales slump--domestically down 21% this year through September--may also be a victim of kids growing older at younger ages. Barbie has been badly...
...jumped 25.8% since 1993. Sure, a few CEOs have had a hard time lately. But, ironically, that's just another sign of progress. As Julie Weeks, research director at the Washington-based Center for Women's Business Research, points out, "We've reached a level where a Jill Barad (ex of Mattel) or a Carly Fiorina (Hewlett-Packard's embattled CEO) can be in the position to have trouble." New York City research group Catalyst notes that six FORTUNE 500 companies have women CEOs, up from a steady two or three over the past decade. Still, that's just...
...what's missing? The HiFi Buys Amphitheater was pretty full but not filled. Unlike movies, concert-ticket sales take a while to trickle in; and although venues are reporting solid sales, they're not breaking records. Area: One SFX producer Gerry Barad notes that's partly the result of the weak broader economy but admits that the tour's name causes confusion: "Area: One? People are asking where it is, not what it is." Because of the genre cross-pollination, the show has fewer of those spine-tingling moments when the audience sings along as one, though when those moments...
CEOs are also paying with their job for any big strategic failure. The purchase of a dog called the Learning Co. bit Mattel CEO Jill Barad in the career; she resigned under duress in February. In her farewell speech, Barad described the acquisition's effects as "devastating" to her toy company's "overall performance...
...JILL BARAD Mattel CEO steps down after flagging sales. Time for the new Golden Parachute Barbie...