Ruth Handler company, Ruthton Corp., formed by her and Peyton Massey, which manufactured a more realistic version of a woman's breast, called "Nearly Me". She personally fitted one for the then first lady, Betty Ford. In 1974, Handler resigned from Mattel after investigations of producing fraudulent financial reports. In 1978, Handler was charged with fraud and false reporting to the Securities and Exchange Commission. She pleaded no contest, was fined $57,000 and sentenced to 2,500 hours of community service.She blamed her illness for making her "unfocused" on her business. Though the Handlers took a more hands-off approach to their company's business practice
Performo Toy Company Performo Toy Company The Performo Toy Company was established in 1925 by Torrence Leroy Dietz, in Middletown, Dauphin County, Pennsylvania. They manufactured wooden toys in a building on North Spring Street. His business expanded rapidly, soon recruiting over 25 employees, and still having trouble filling demands for their popular toys. The corporation documents confirm the president of the toy company was Torrence Dietz and that Rene Grove was the chief designer and one of five partners. The company was capitalize with an initial stock offering of twenty-five thousand dollars. The original partners were Torrence Dietz, president (and salesperson), O.H. Watts,