Will Tyco End Up In A Rival's Toybox?

You would think Richard E. Grey has one of the more enjoyable jobs in Corporate America. As chief executive of Tyco Toys Inc., the country's third-largest toymaker, he gets to fuss over radio-controlled trucks that squirt simulated python venom and dolls that wet their diapers. But though his eyes still give off a faint Willy Wonka twinkle, Grey is finding that the toy business is anything but fun and games.

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