Mattel CEO: Strong Values and Smart Risks Are Key to Company Turnaround [Fortune]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: Fortune
This year has been anything but fun and games for Margo Georgiadis, the new CEO at toymaker Mattel. Since she took the top job in February, the veteran Google exec is having a rough time as the company struggles with losses, tumbling holiday sales, a plummeting stock, and a debt downgrade by the major credit-rating firms. As Georgiadis looks for places to do deep cost-cutting, she announced that Mattel is suspending its dividend. Still, Georgiadis says she is on track with her vision for Mattel and its iconic Barbie and Hot Wheels brands. But executing that plan, she tells Fortune, requires changing the culture of a company that’s been around since 1945, and also changing the mindset of Mattel’s 32,000 employees. “I really need to allow them to openly express their fear of that change,” she explains, “and how I help to give them psychological safety to speed up and take smart risks to get that company to the future.” Georgiadis says one of the most important thi
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MAT
Earnings
- 2/7/24 - Miss
MAT
Sec Filings
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- MAT's page on the SEC website