TIL Elliot Handler, co-founder of Mattel, and his wife Ruth Handler, inventor of Barbie, were ousted from the toy company in 1975 by new managers. Three years later, Ruth was accused of having doctored Mattel’s books to deceive shareholders and was sentenced to community service and heavily fined.

Read more: https://www.latimes.com/local/obituaries/la-me-elliot-handler-20110723-story.html

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