Isaac Perlmutter
Encyclopedia
Isaac "Ike" Perlmutter is an American
businessman and financier
. He has been the Chief Executive Officer
of Marvel Entertainment
since January 1, 2005. He was also the owner of Remington Products
and Toy Biz.
of Marvel Comics since April 1993 and was Chairman of the Board
until March 1995.
In 1994, Victor Kiam
sold controlling interest
of Remington Products
to Isaac Perlmutter. Perlmutter became Vice President of Remington. Kiam and Perlmutter sold Remington to Vestar Capital Partners
in 1996.
Isaac Perlmutter also was the co-owner, with Avi Arad
, of Toy Biz (later Marvel Toys
), having purchased its predecessor company from Charan Industries in January 1990. Toy Biz, Inc. was reorganized in the Marvel deal with Perlmutter continue owning the original Toy Biz, Inc., which is renamed Zib, Inc. Zib held its foreign sales affiliate, Toy Biz International Ltd., a Hong Kong corporation and Perlmutter's share of the new Toy Biz, Inc.
When Marvel company group went bankrupt in 1996, protracted legal battles over control of the company followed between Perlmutter, Arad, Carl Icahn
, and Ron Perelman. By 1997, Perlmutter and Arad had established control over the company, pushing out Icahn and Perelman. ToyBiz and Marvel were merged into Marvel Enterprises to bring it out of bankruptcy in June 1998 with ToyBiz becoming a division of the new company.
In November 2001, Perlmutter became Vice Chairman of the Board of Directors of Marvel. He became the Chief Executive Officer
of Marvel Comics on January 1, 2005. He remained CEO of Marvel Entertainment, even when the full acquisition of Marvel Entertainment by the Walt Disney Company came of Dec. 31, 2009. Although Perlmutter received $800 million in cash and $590 million in Disney stock after the acquisition, he has admitted he does not want a seat within Disney's board of directors.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman and financier
Financier
Financier is a term for a person who handles typically large sums of money, usually involving money lending, financing projects, large-scale investing, or large-scale money management. The term is French, and derives from finance or payment...
. He has been the Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Marvel Entertainment
Marvel Entertainment
Marvel Entertainment, LLC , formerly Marvel Enterprises and Toy Biz, Inc., is an American entertainment company formed from the merger of Marvel Entertainment Group, Inc. and Toy Biz, Inc....
since January 1, 2005. He was also the owner of Remington Products
Remington Products
Remington Products, commonly known as simply Remington, is a worldwide personal care corporation which manufactures razors , epilators, and haircare products for both men and women. It is a subsidiary of Spectrum Brands.-History:...
and Toy Biz.
Background
Isaac Perlmutter, born in Palestine (present day Israel), is of Jewish-American ethnic background. He is married to Laura Perlmutter.Business
Isaac Perlmutter was a member of the Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of Marvel Comics since April 1993 and was Chairman of the Board
Chair (official)
The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office is typically elected or appointed by the members of the group. The chairman presides over meetings of the assembled group and conducts its business in an...
until March 1995.
In 1994, Victor Kiam
Victor Kiam
Victor K. Kiam was an American entrepreneur and the owner of the New England Patriots football team from 1988-1991....
sold controlling interest
Controlling interest
Controlling interest in a corporation means to have control of a large enough block of voting stock shares in a company such that no one stock holder or coalition of stock holders can successfully oppose a motion...
of Remington Products
Remington Products
Remington Products, commonly known as simply Remington, is a worldwide personal care corporation which manufactures razors , epilators, and haircare products for both men and women. It is a subsidiary of Spectrum Brands.-History:...
to Isaac Perlmutter. Perlmutter became Vice President of Remington. Kiam and Perlmutter sold Remington to Vestar Capital Partners
Vestar Capital Partners
Vestar Capital Partners is an American private equity firm focusing on leveraged buyout transactions in the United States, Europe and Asia.The firm, which was founded in 1988 is headquartered in New York City with offices in Boston, Massachusetts, Denver, Colorado in the US as well as Paris, Milan,...
in 1996.
Isaac Perlmutter also was the co-owner, with Avi Arad
Avi Arad
Avi Arad is an Israeli-American businessman. He became the CEO of the company Toy Biz in the 1990s, and soon afterward became the chief creative officer of Marvel Entertainment, a Marvel director, chairman, CEO and the founder of Marvel Studios....
, of Toy Biz (later Marvel Toys
Marvel Toys
Marvel Toys is the toy division of Marvel Entertainment, a subsidiary of The Walt Disney Company....
), having purchased its predecessor company from Charan Industries in January 1990. Toy Biz, Inc. was reorganized in the Marvel deal with Perlmutter continue owning the original Toy Biz, Inc., which is renamed Zib, Inc. Zib held its foreign sales affiliate, Toy Biz International Ltd., a Hong Kong corporation and Perlmutter's share of the new Toy Biz, Inc.
When Marvel company group went bankrupt in 1996, protracted legal battles over control of the company followed between Perlmutter, Arad, Carl Icahn
Carl Icahn
Carl Celian Icahn is an American business magnate and investor.-Biography:Icahn was raised in Far Rockaway, Queens, New York City, where he attended Far Rockaway High School. His father was a cantor, his mother was a schoolteacher...
, and Ron Perelman. By 1997, Perlmutter and Arad had established control over the company, pushing out Icahn and Perelman. ToyBiz and Marvel were merged into Marvel Enterprises to bring it out of bankruptcy in June 1998 with ToyBiz becoming a division of the new company.
In November 2001, Perlmutter became Vice Chairman of the Board of Directors of Marvel. He became the Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Marvel Comics on January 1, 2005. He remained CEO of Marvel Entertainment, even when the full acquisition of Marvel Entertainment by the Walt Disney Company came of Dec. 31, 2009. Although Perlmutter received $800 million in cash and $590 million in Disney stock after the acquisition, he has admitted he does not want a seat within Disney's board of directors.
Companies
- Zib, Inc.
- Tangible Media
- Remington ProductsRemington ProductsRemington Products, commonly known as simply Remington, is a worldwide personal care corporation which manufactures razors , epilators, and haircare products for both men and women. It is a subsidiary of Spectrum Brands.-History:...
Company - Westwood Industries, Inc., table and floor lamps manufacturer and distributor
- Job Lot Incorporated, retail discount chain
- REC Sound Incorporated
- Classic Heroes, Inc., majority stockholder, an apparel manufacturing distributor