obituary

Target Founder Douglas Dayton Dies

Douglas Dayton, who led the transformation of a family department store into retailing giant Target Corp., has died at the age of 88.

Leveraged Buyout Trailblazer Ted Forstmann Dead at 71

Theodore J. "Ted" Forstmann died on Sunday from complications related to brain cancer. The private equity pioneer's firm, Forstmann Little & Co., was one of the first to engage in leveraged buyouts -- using borrowed money to buy companies.

Ken Olsen Remembered: Lessons of a Great American Entrepreneur

Ken Olsen, the MIT-educated inventor who founded DEC in the 1950s and built it into multi-billion dollar company, died on Sunday. In addition to inventing the minicomputer, Olsen was a pioneer as a manager. But perhaps the most valuable lesson his life can teach regards his one business blind spot.

'Penthouse' Founder Bob Guccione Dies at 79

Bob Guccione, the founder of Penthouse magazine, died Wednesday at the age of 79. Guccione died at Plano Specialty Hospital after a long battle with cancer, The Associated Press said.

Cheez Doodle Inventor Morrie Yohai Dies at 90

Morrie Yohai, inventor of the Cheez Doodle snack food, died on July 27 at his home in King's Point, New York. He was 90. For millions of consumers, the puffed-corn treats, coated in aerosolized cheese, are a childhood classic.

Will Byrd's Death Endanger Financial Reform Bill?

Without Sen. Robert Byrd's vote, Democrats may struggle to obtain the 60 votes needed to prevent a Republican filibuster of the bill in the Senate. The longest-serving U.S. senator died Monday at the age of 92.

Roy Disney, Nephew of Walt, Dead at Age 79

Roy E. Disney, nephew of Walt Disney and occasional bane of the entertainment conglomerate's chief executives, died Wednesday at age 79 following a year-long battle with stomach cancer.