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Can't Wait to See the Next Chapter in the Unfolding Mattel Saga

 

Thursday Thwack

  • Mattel's mess: About a month ago Mattel (MAT Quote) disclosed earnings trouble related to its The Learning Company sub. A few weeks later it said everything was OK. Then, on Wednesday, it announced that the two guys who ran TLC, Michael Perik and Kevin O'Leary, had "left." Left! Nothing more, nothing less. What really happened? A company spokesman was mum, but this much is certain: It's generally never a good sign when top execs abruptly leave after bad news with no explanation. Suggests some skeletons popped out of some closet.

    Or maybe a bunch of unsold software that nobody ever knew existed? ...

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