Toys 'R' Us founder Charles Lazarus dies days after the chain says it's closing
He was not on the list.
Charles Lazarus, who founded Toys "R" Us 70 years
ago, died Thursday, a week after the company announced it will be forced to
shut down its U.S. operations.
Lazarus, 94, no longer held a stake in the chain. He started
the company in 1948 when he was 25, anticipating that the post-war baby boom
would create demand for baby supplies and toys. He remained CEO until 1994.
"He was the father of the toy business," said
Michael Goldstein, who succeed him as CEO. "He knew the toys and loved the
toys and loved the kids who would shop in the stores. His face lit up when he
watched kids playing with toys."
His death was confirmed by the company.
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