Monday, May 14, 2018 marked the end for many employees working at the Toys "R" Us Global Resource Center in Wayne, New Jersey. While "several hundred" staffers are said to have stayed on as the wind-down of the U.S. businesses continues, there's the "highly unusual" early exit of many top executives, including Chairman and CEO David A. Brandon. "Unusual" seems to be the key word as this story just gets weirder... could former CEO Jerry Storch want back in on the Toys "R" Us action?
Imagine this... you're the embattled CEO of an iconic American company that is nearing the end of its 70-year history just under three years after you took the top job. You were placed into that position after a much-discussed and controversial run as the Athletic Director of a Big Ten University, during which time you were labeled "villainous", jacked ticket prices for students and families and allegedly retaliated against criticism from fans on a regular basis by attacking them via email - something that led Keith Olbermann to once deem you the "Worst Person in the World." Despite public rallies calling for you to be fired, your resignation and a subsequent book that detailed your epic failure at the college, you left with a $3M severance and were able to find work in 2015 thanks to the generosity of someone you worked for once before... Bain Capital. You see, they were running this toy store that they really wanted to be rid of, so you'd go on to tell the Wall St. Journal just that, and by 2018 you'd be giving your private equity buddies exactly what they wished for all while the public was starting to ask how someone with your experience and reputation could wind up running a toy store.