Not Toying Around, Mattel Ousts CEO — entrepreneur.com

Today, the toy-making megalith, most famous for it’s iconic Barbie doll, announced Bryan G. Stockton is resigning from his role as chairman and CEO, positions he held since 2013 and 2012, respectively. He is also leaving the Board of Directors. Related: Why Barbie Posed for Sports Illustrated Mattel, a behemoth of a dinosaur in the toy-making industry, announced Monday that sales in the the ever-critical holiday shopping fourth quarter of 2014 were down 6 percent to $1.99 billion compared with the same three months a year earlier. Profit in the same period plunged more than 59 percent to $149.9 million, down from $369.2 million in the fourth quarter of 2013.

Read More