![]() "I do not intend for you to leave the premises. The day before she died, Kaplan notified her husband by handwritten letter that she was exercising a provision in their marital agreement entitling her to US$20 million should either declare an intent to divorce. ![]() His second marriage, to psychiatrist Helen Singer Kaplan, founder of the Human Sexuality Program at the Payne Whitney Clinic in New York, made headlines upon her 1995 death from cancer at age 66. When it emerged in 1978 as Toys 'R' Us Inc., a public company, Lazarus was CEO. Interstate didn't fare as well, filing for bankruptcy protection in 1974. He opened 43 new store branches in the next eight years. In 1966, with his four Washington-area stores totaling US$12 million in annual sales, Lazarus sold the company to Interstate Stores for US$7.5 million in cash, remaining as head of Interstate's toy division. When he opened his first toys-specific store, in Rockville, Maryland, he went with a shorter name, Toys 'R' Us, to maximise the size of letters on the highway sign. In the late 1950s, "motivated by the success of emerging self-service grocery supermarkets," according to the company history, he adopted a similar model - long lanes of products, carts for customers. Supermarket Model He called his store Children's Supermart, with the Rs rendered backward. "Toys are a great kind of thing to sell, because they don't last that long," he said. He switched again, to toys, to get customers to return more frequently. In 1948, following military service during World War II as a cryptographer, he took over his father's store and replaced the bicycles with baby furniture. "My father said it was because the big chain stores could sell them so much cheaper than we could." "I always wondered why we didn't sell new bicycles," he said. From an early age, he helped his father refurbish broken bicycles and sell them. I wanted to be rich."Ĭharles Phillip Lazarus was born Oct 4, 1923, in Washington, the son of Frank and Fannie Lazarus. "If you're going to be a success in life, you have to want it," Forbes quoted him as saying in 1983. In August 2013, Lazarus sold his duplex at 960 Fifth Avenue in Manhattan for US$21 million to Peruvian billionaire Carlos Rodriguez-Pastor. Stock options accounted for about US$56 million. 1 in its ranking of highest paid executives. Lazarus earned more than US$60 million in 1987, according to Forbes magazine, making him No. ![]() Diapers were sold at deep discounts, encouraging parents to spend their savings on toys. Lazarus added personal touches such as the backward R in the store's name - "to give the impression that a child wrote it," according to a company history - and Geoffrey the Giraffe, the chain's mascot. The couple welcomed daughters Ruth and Diane, prior to their divorce in 1979."There's an enormous opportunity in America if you're willing to make a commitment to inventory," Lazarus said. Joan worked as a graphic designer.Ĭharles Lazarus fathered two daughters with first wife Udyss. Joan Lazarus said “I Do” to Charles Lazarus in 1995, becoming his third and last wife. At the end, he didn’t have to pay her children. He battled Kaplan’s children over a post-nuptial agreement until 2000, reports Bloomberg. Lazarus was involved in a lawsuit on Kaplan’s deathbed divorce claim. She was noted for her efforts to combine some of the insights and techniques of psychoanalysis with behavioral methods –according to her obituary on the NY Times. She was considered a leader among scientific-oriented *** therapists. She got a Ph.D in psychology in 1955 at Columbia. She graduated magna *** laude with a bachelor’s degree in fine arts from Syracuse University in 1951 and earned a master’s degree in psychology at Columbia University in 1952. She was born in Austria and moved to the U.S. Singer Kaplan –a pioneer in *** therapy and book author –died of cancer aged 66. She and Lazarus were married for 16-years prior to her passing in 1995. She was previously married to Canadian psychiatrist Harold Kaplan, from her first marriage, she welcomed three children, Phillip, Jennifer, and Peter. Helen Singer Kaplan Lazarus became Charles’ second wife. ![]() According to NY Magazine, Udyss Lazarus battled breast cancer for almost 20-years before her death in 1984. The marriage produced two children, however their wedded bliss lasted until their divorce in 1979. RELATED LINK: CHARLES LAZARUS’ WIFE JOAN LAZARUSĬharles Lazarus was first married to Udyss Lazarus. In contrast, Lazarus had a full and busy life, he married a total of three times and fathered two children. Sadly with the twilight of his life, the iconic stores also began to close. Lazarus began selling toys in his early 20’s, the Washington native pretty much transformed the toy business from Christmas-focused to year-round.
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