- After losing more than a third of its market value this year, Mattel (NASDAQ:MAT) is trying to beef up its creative side, eliminating its "conference room" culture.
- "We need to...let ourselves be a little freer, a little less formulaic," announced Chief Executive Bryan Stockton in an interview.
- The company is also planning to cut $250M-$300M in costs, including removing some redundant layers of management, to free up money for developing new products and marketing.
- MAT -1.6% AH