Stephen D. Hassenfeld; Chairman of Hasbro Inc.
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Stephen D. Hassenfeld, 47, chairman and chief executive officer of Hasbro Inc., the giant toy manufacturer. He is credited with the Pawtucket, R.I.-based company’s explosive growth in the 1980s. One of his last acts was to engineer the buyout of the financially troubled Coleco Industries of Avon, Conn. The $90-million deal was completed two weeks ago while Hassenfeld was in the hospital. Hassenfeld also directed the company’s acquisition of Milton Bradley Co. in 1984. Since 1980, when Hassenfeld became chairman, the company has grown from net revenues of $102.3 million to $1.3 billion last year. He went to work for Hasbro in 1964. The firm was founded by his grandfather in 1923. In New York on Sunday after a monthlong battle with pneumonia.
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