Background
Stephen was born in Rhode Island to Sylvia and Merrill Hassenfeld.
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Stephen David Hassenfeld
Edit ProfileEducation
He attended Moses Brown School where he was well known as a skilled debater.
Career
During his tenure, Hassenfeld restored the reputation of Hasbro and surpassed Mattel as the world"s largest toy manufacturer. They lived in Providence"s east side. The brothers would move on to sell pencil boxes, school supplies, and later, toys.
After the success of Mr.
Potato Head and G.I. Joe the Hassenfeld Brothers would create Hasbro Industries in 1968, and begin to list on the New York Stock Exchange. In 1980, Stephen"s father Merrill died, and Stephen took over control of Hasbro. From 1980 to 1986, Stephen Hassenfeld increased Hasbro"s profitability by 85% annually.
Forbes magazine rated Hasbro number one in a thousand-corporation survey of increased value during the first half of the 1980s, well ahead of other successful companies such as Wal-Mart and Berkshire Hathaway. In 1983, Hassenfeld established the Hasbro Charitable Trust, and in 1984, he created Hasbro Children"s Foundation.
The two charities help to improve the lives of children and their families throughout the world by providing management of grant donations in operating areas, product donation, matching gifts to higher education, special community projects, and volunteering.
Also, in 1990, the Stephen Doctorate. Hassenfeld Children’s Center for Cancer and Blood Disorders was created. The Children"s Center is the best facility, and under its current director, Doctor William Carroll has been making remarkable strides in alleviating the worst of children"s suffering. Stephen Doctorate. Hassenfeld died of pneumonia and cardiac arrest in 1989 at the age of 47, and is buried next to his father in Lincoln Park Cemetery in Warwick, Rhode Island.
In 1991 he was posthumously inducted into the Toy Industry Hall of Fame.
At the time of Hassenfeld"s death Hasbro was a company with annual Netto revenues of more than $1.3 billion.
Achievements
Connections
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Born
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Died
June 25, 1989 (aged 47) -
Nationality
American