ROBERT A. ECKERT
Chairman and CEO of Mattel Inc. since 2000. When he joined the company, its stock price fell severely. Mattel was losing millions from its acquisition of the Learning Company, so Eckert sold it and took additional actions to cut Mattel's expenses. He succeeded in adding over a $100 million to the company's net income in his first three years as leader and increasing its stock price. For his accomplishments, Business Week named Eckert one of its Top 25 Managers of the Year in 2002.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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