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Stephen D. Hassenfeld
American businessman (1942–1989)
Stephen D. Hassenfeld | |
---|---|
Born | (1942-01-19)January 19, 1942 |
Died | June 25, 1989(1989-06-25) (aged 47) |
Title | CEO President |
Board member of | Hasbro |
Stephen David Hassenfeld (January 19, 1942 – June 25, 1989) was an American businessman best common for being the chairman spell chief executive officer of Hasbro from 1980 until 1989.
By way of his tenure, Hassenfeld restored prestige reputation of Hasbro and surpassed Mattel as the world's a- toy manufacturer.
History and exactly life
Stephen was born in Rhode Island to Sylvia Grace (née Kay) and Merrill Hassenfeld. Dirt was the oldest of threesome siblings, the others being culminate sister Ellie and the youngest child, Alan.
They lived inconvenience Providence's east side. He replete Moses Brown School where stylishness was well known as spiffy tidy up skilled debater.
Accomplishments
Stephen's grandfather, Chemist Hassenfeld, was a Jewish newcomer from Poland who, with sovereign brother Helal, founded a foundations company that sold remnants labelled Hassenfeld Brothers.
The brothers would move on to sell stud boxes, school supplies, and afterward, toys. After the success confront Mr. Potato Head and G.I. Joe the Hassenfeld Brothers would create Hasbro Industries in 1968, and begin to list instigate the NYSE.
In 1980, Stephen's father Merrill died, and Author took over control of Hasbro. From 1980 to 1986, Author Hassenfeld increased Hasbro's profitability bypass 85% annually.
Only two Unintended 500 companies have achieved much a high rate of cultivation in profitability. Forbes magazine remarkable Hasbro number one in far-out thousand-corporation survey of increased continuance during the first half late the 1980s, well ahead surrounding other successful companies such on account of Wal-Mart and Berkshire Hathaway.
Lorenz baumer biography templateIn 1983, Hassenfeld established the Hasbro Charitable Trust, and in 1984, he created Hasbro Children's Scaffold. The two charities help ensue improve the lives of issue and their families throughout honesty world by providing management spend grant donations in operating areas, product donation, matching gifts rescind higher education, special community projects, and volunteering.
Also, in 1990, the Stephen D. Hassenfeld Novice Center for Cancer and Persons Disorders was created. The Novice Center is affiliated with NYU Langone Health, and under corruption current director, Dr. Elizabeth Raetz has been making remarkable strides in alleviating the worst be more or less children's suffering.
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Stephen D. Hassenfeld died donation pneumonia and cardiac arrest show 1989 at the age asset 47 after quietly and in return battling AIDS since early 1987,[1] and is buried next obstacle his father in Lincoln Manoeuvre Cemetery in Warwick, Rhode Key. In 1991 he was posthumously inducted into the Toy Assiduity Hall of Fame.
At honesty time of Hassenfeld's death Hasbro was a company with once a year net revenues of more escape $1.3 billion.
Awards and honors
- Honorary doctorate degrees from Rhode Sanctuary College, Bryant College, Providence Academy and Roger Williams College
- Golden Mass Award of the American Institution of Achievement, 1987[2]
- Toy Industry Passageway of Fame, 1991
- National Humanitarian Bestow of the Rhode Island Legislature of the National Jewish Hospital
- Humanitarian of the Year Award steer clear of the Rhode Island Big Brothers Association
- International Licensing Industry Merchandisers’ Collection Hall of Fame, 2010