I hope the market responds to Mattel's shameful behavior accordingly in the upcoming holiday seasons.
Mattel
M - Manufactured
A - Asian
T - Toddler
T - Toys
E - Excessive
L - Lead
Grovelling before his Chinese master, slinking away like a whipped dog.
Wassamatta Mattel, cant find cheap labor elsewhere in the Pacific Rim....Look around.
They realized they can’t get labor any cheaper than the chinese so they go groveling back. Makes sense if your only worried about the bottom line and don’t think about customers impact.
Watch their stock drop after the new year when (hopefully) the masses avoid their toys this Christmas season.
Unfortunately there will still be the buffoons out there getting the latest version of the Elmo doll...
my favorite Mattel toy as a kid....and we use to play cowboys and indians and yell “I’m gonna fill ya full of lead....”
nothing changes.
Mattel deserves to go bankrupt after this debacle. When they finally admitted that some toys are testing lead levels 180 times the allowable level, that should have been the last straw for consumers. Shame on this greedy bunch of rip-off artists, who valued Chinese slave labor over the health of American children.
Keep on truckling if you want to keep your cheap labor — and your FDI, Mattel!
Debrowski best not visit China again or they will execute him for shaming the Chinese.
If you really want to apologize Matel, then maybe you should bring back the manufacturing to the US, bite the bullet on that extra $0.02 per product and slap big ‘ole “MADE IN THE USA” labels all over the toys. At that point, I’d consider buying your produts again. With an 11 month old son, I’m sure as ish not buying anything MATEL at this point until this happens.
Thank you for trying to kill our children with your lead paint. It’d be like someone coming up and hitting you in the face, O I’m sorry you hit me.
Bad move...based on their “rules” they’ll want to have someone die for this “mistake” ...could be painful.
WTF?
Apologizing to those that committed the infraction? What next, forcing the families of murder victims apologize to the murderer?
Somebody needs to give that CEO a little ‘wall to wall’ counselling.
Their designs called for lead paint?
This isn’t market failure - it’s government failure, IF the U.S. government doesn’t allow lawsuits against Mattel for their DANGEROUS products, no matter where they’d been manufactured for eventual sale.
It’s got their name on it, and they’re liable for both good products (profitable ones) - & BAD (causing losses, liabilities).
It’s called the “invisible foot” of the market process - and it’s an vital complement to the “invisible hand” ... of market success.