obituary

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 multibillion 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.

Cheez Doodle Inventor Morrie Yohai Dies at 90

The creator of one of the great American snacks, the Cheez Doodle, died on July 27 at his home in King's Point, New York. For millions of consumers, the puffed-corn treats, coated in aerosolized cheese, are a childhood classic, and an adult temptation. Mr. Yohai leaves behind a legion of contented, orange-dusted smiles.

Father of the Swatch Watch Dead at 82

Nicolas Hayek, the father of the Swatch and the man widely credited with saving the Swiss watch industry, died Monday at the company's headquarters.

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.

Colorful Legacy of the Man Who Popularized Pez

Curtis Allina, the man whose fanciful packaging changed the face of Pez candy dispensers, leaves behind a creation so popular that it has its own category on eBay. There are more than 2,500 listings on the auction site for Pez dispensers.

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.