FratFiles

• Save Paper

The Economy

Introduction

Mattel originally started in 1945 out of garage in Southern California. It was founded by Ruth and Elliot Handler, and Harold “Matt” Mattson. The youngest of ten children of Polish immigrants, Ruth was a secretary for Paramount Pictures in Los Angeles when she married Elliot Handler, an industrial engineer. Handler started out designing light fixtures but soon began making furniture and selling it out of his garage. The business attracted four partners and quickly rose to become a $2 million enterprise making giftware and costume jewelry. By 1945 Elliot Handler grew restless and wanted a new business approach to remain competitive in the fast-changing postwar world. Handler's plans led to a dispute with his partners and he sold his interest in the company at a loss. Meanwhile, also in 1945, Ruth hooked up with an old friend, Harold "Matt" Matson, and they started Mattel Creations, with Elliot designing products. Due to illness, Matson was......

View the rest of this paper...

Approximate Word Count: 7031
Approximate Pages: 29 (250 words per double-spaced page)

Similar Essays

1. Mattel
   

   Mattel The Economy Introduction Mattel originally started in 1945 out of garage in Southern California. It was founded by Ruth and Elliot Handler, and Harold "Matt" Mattson. The

2. Mattel Inc.: A Financial Journal
   

   Mattel Inc.: A Financial Journal A Financial Journal Mattel, Inc. Mattel, Inc. (Mattel) is the worldwide leader in the design, manufacture and marketing of toys and family

3. Mattel's Product Safety
   

   Mattel's Product Safety Mattel was believed to be one of the most trusted toy companies around the world that operated in 155 countries. They produce the most famous toys for

4. Ethic
   

   Ethic Mattel: the U.S. company scandal story On August 2, 2007, the Mattel Corporation recalled hundreds of thousands of toys which were made in China under the Fisher-Price

5. Finance Manager
   

   Finance Manager MATTEL, INC. ENVIRONMENTAL ANALYSIS October 26th, 2005 By Mattel, Inc. designs, manufactures, and markets a broad variety of toy products worldwide through sales