On Dec 12, 1955, Louis Marx was on the cover of Time magazine, the subject of a story that called him the Toy King. Twenty seven short years later, Louis Marx died in his home, aged 86. The same day, a bankruptcy court ruled that his factory in Glen Dale, West Virginia, had to close for good. Marx and his company died on the same day. Why did Marx Toys close? And why so suddenly?
There were several reasons. I don’t think it was any one thing, but rather, several things that led to another, and the cascade brought Louis Marx’s empire down.
David Farquhar is a computer security professional, entrepreneur, and author. He has written professionally about computers since 1991, so he was writing about retro computers when they were still new. He has been working in IT professionally since 1994 and has specialized in vulnerability management since 2013. He holds Security+ and CISSP certifications. Today he blogs five times a week, mostly about retro computers and retro gaming covering the time period from 1975 to 2000.
