Toys 'R' Us Founder Charles Lazarus Dies at 94
What poor timing, oh well he had a great life and great accomplishments during his prime.> saddled with more than $5 billion in debtWow, I haven't yet followed the story of Toys R Us but that is a huge amount of debt. I can't imagine what severe mismanagement happened at the company to allow this. Must have had some ex-government workers managing finances (/s)...> Since Lazarus stepped down as chief executive officer in 1994Ah, so it was well after he left. It's sad to see your creation falter but it wasn't his baby anymore. Many great companies end up failing after their original founders leave. I'd be curious to read more about how they messed it up so badly.