Isaac Perlmutter - Biography

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.

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 Directors 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.

Companies

• Zib, Inc.
• Tangible Media
• Remington Products 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

External links

• Profile of Isaac Perlmutter from BusinessWeek magazine
• Profile of Isaac Perlmutter from Forbes magazine
• Profile of Issac Perlmutter from Reuters