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Mattel Inc.
Mattel chairman says toy maker 'created' its own problems
Mattel chairman says toy maker 'created' its own problems

The new chairman of Mattel Inc. said the problems plaguing the toy maker were largely its own fault, mere days after its chief executive abruptly resigned. Christopher Sinclair, who also took over as interim CEO this week after Bryan Stockton quit, said Mattel "created" its own problems, which include an innovation gap and a failure to promote its brands effectively. "Our results were not acceptable," Sinclair told analysts and investors Friday in a conference call to discuss Mattel's fourth quarter. "Our performance was impacted by a number of factors, some of which are out of our control, but most of which are not." Sinclair said Mattel's...