Mattel for Barbie (film series). Mattel purchased The Ringling Bros. and Barnum & Bailey Circus in 1971 for $40 million from the Feld family, whom Mattel kept as management. Mattel sold the circus corporation by December 1973, despite its profit contributions, as Mattel showed a $29.9 million loss in 1972. In 1974, an investigation found Mattel guilty of issuing false and misleading financial reports, banishing Elliot and Ruth Handler from their own company. In 1991, Mattel moved its headquarters from Hawthorne, California to El Segundo, California. Arthur S. Spear, a Mattel vice president, took control of the company in 1975, who
Brent Handler a partner in his entrepreneurial pursuits. Handler knew he wanted to be an entrepreneur from the age of 23 and experienced early business success at Colorado's ExecuTrain, a computer training company. As the company's second employee, he sold millions of dollars' worth of computer training classes, and performed so well the company's owner had difficulty paying his commission. He later became a co-owner of the company. After his initial success at ExecuTrain, and the sale of the company, Handler went on to launch two businesses before finding success in the destination club industry. In 2002, along with his brother Brad