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Robert Toll, Who Mass-Produced ‘McMansions,’ Dies at 81

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Robert Toll, Who Mass-Produced ‘McMansions,’ Dies at 81

Robert Toll, who along with his brother constructed an eponymous model of luxurious “McMansions” in america that grew to become dwelling to some 150,000 households, died on Friday at his dwelling in Manhattan. He was 81.

The trigger was Parkinson’s illness, his household mentioned in an announcement.

Mr. Toll, who grew up in a single-family Tudor-style dwelling in suburban Philadelphia, initially pursued legislation as a profession however give up after 9 months. In 1967, he persuaded his father, a house builder, to present him two vacant properties on which he may assemble colonial-style properties that have been totally furnished and adorned.

“We constructed two homes,” Mr. Toll mentioned. “As an alternative of promoting them, we used them as samples for the tons we owned down the road.”

The brothers shortly constructed 20 extra homes close by and offered them for $17,490 every (about $152,000 in at the moment’s cash), reaping a small acquire per dwelling that produced an annual revenue of about $12,000 for all of them. Final yr, the typical value of a house offered by Toll was $1.04 million; earnings have been $833.6 million on revenues of $8.4 billion.

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Below the title Toll Brothers, the 2 ultimately created residences for 150,000 households.

Some critics derided their suburban, single-family residences as roomy “McMansions,” evaluating them to a quick meals product — cookie-cutter properties, typically full with hovering foyers and nice rooms and splendid grasp suites, derived from a number of pattern fashions and mass-produced (though Toll Brothers added customized facilities to patrons’ specs).

The corporate expanded from the Northeast to Washington, D.C., within the Eighties after which to California within the Nineteen Nineties. It now operates in 24 states, creating suburban enclaves, communities for older adults and concrete high-rise flats for prosperous owners.

Mr. Toll was the chairman and chief government of Toll Brothers from its founding till 2010; he remained on the board of administrators till lately, when he was named chairman emeritus. He oversaw the authorized elements of the enterprise whereas his youthful brother, Bruce E. Toll, the vice chairman of the board, was liable for the bookkeeping.

Robert Irwin Toll was born on Dec. 30, 1940, in Elkins Park, Pa., a Philadelphia suburb. He was raised in a home constructed by his father, Albert, a Ukrainian immigrant whose brother, Herman, grew to become a Democratic congressman from Pennsylvania.

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Albert was an actual property dealer, a used-car salesman and an investor, however “he misplaced all the things within the Despair and needed to begin throughout,” Robert Toll wrote as a visitor enterprise columnist in The New York Instances in 2005. His father later grew to become a profitable dwelling builder and industrial property developer. His mom, Sylvia (Steinberg) Toll, was a homemaker.

Bob Toll acquired a bachelor’s diploma in political science from Cornell College in 1963. In 1966, fulfilling his dad and mom’ dream, he graduated from the College of Pennsylvania’s legislation faculty. He beloved legislation faculty, he mentioned, however disliked training legislation.

Certainly one of his purchasers was his father, for whom he did some authorized work on two tons that Albert Toll hoped to develop in Chester County, Pa. When Bob prompt creating the property on his personal, his father balked. However his son conspired with Albert’s companion and Bruce Toll, who was simply graduating from the College of Miami with a significant in accounting, and his father relented.

In 2005, The Actual Deal, a New York actual property journal, requested Mr. Toll in an interview whether or not all of his properties on the time — together with a farmhouse in Bucks County, Pa. — have been McMansions. He replied: “No, in no way. The house in Bucks County has an eight-foot ceiling on the primary flooring. There’s no vaulted ceiling. It’s not an enormous dwelling in comparison with lots of the properties that now we have constructed. I might guess that it’s underneath 5,000 sq. toes.”

Mr. Toll was a wide-ranging philanthropist. He was on the board of the Metropolitan Opera, and his firm grew to become the lead company sponsor of the Met’s Worldwide Radio Community after Chevron-Texaco stopped supporting reside Saturday matinee radio broadcasts in 2005.

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Mr. Toll and his spouse began the Robert and Jane Toll Basis, which pledged greater than $50 million to the College of Pennsylvania’s legislation faculty to develop a program that helps college students pursuing careers in public service and social justice. He additionally supported Seeds of Peace, a program born out of a summer time camp he attended as a toddler in Otisfield, Maine; it brings collectively Arab, Israeli, Indian and Pakistani youngsters to advertise peaceable battle decision.

Mr. Toll, who had an earlier marriage, is survived by his spouse, Jane (Snyder Goldfein) Toll; his brother, Bruce; 5 youngsters, Laurie Franz, Deborah Gruelle, Joshua Goldfein, Rachel Toll Grassi and Jacob Toll; and 12 grandchildren.

Douglas C. Yearley Jr., the chief government of Toll Brothers, mentioned of Mr. Toll, “In so some ways, he’s nonetheless with us, and Toll Brothers will all the time be his firm due to what he taught us all.”

As a boss, Mr. Toll was lauded within the trade by numerous skilled organizations. Not all of them, nonetheless, have been conscious of the pitchfork that he stored in his workplace and that he typically wielded throughout conferences to remind his firm’s executives to proceed rigorously in shopping for land or taking different dangers.

“We didn’t need that pitchfork caught in our rear finish,” Mr. Yearley mentioned.

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Albertsons to pay $3.9 million over allegations it overcharged, lied about weight of groceries

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Albertsons to pay .9 million over allegations it overcharged, lied about weight of groceries

Grocery titan Albertsons will pay $3.9 million to resolve a civil law enforcement complaint alleging that it ripped off customers at hundreds of its Vons, Safeway and Albertsons stores in California, authorities said Thursday.

According to the complaint, groceries sold by Albertsons Cos. — including produce, meats, baked goods and other items — had less product in the package than indicated on the label. The company also is accused of charging customers prices higher than its lowest advertised price.

“False advertising preys on consumers, who are already facing rising costs, and unfairly disadvantages companies that play by the rules,” L.A. County Dist. Atty. George Gascón said. “This kind of corporate conduct is especially egregious when it comes to essential groceries, as Californians rely on accurate advertised prices to budget food for their families.”

The case was filed in Marin County Superior Court in partnership with the consumer protection units of the district attorney’s offices of Los Angeles, Marin, Alameda, Sonoma, Riverside, San Diego and Ventura counties.

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The settlement will be divided among the seven counties and used to support future enforcement of consumer protection laws, according to the Marin County district attorney’s office. None of the money will be paid back to consumers.

The fine comes just over a year after the same company was ordered to pay $3.5 million for selling expired over-the-counter drug products. The company is also currently fighting a federal antitrust lawsuit that seeks to block its planned merger with grocery giant Kroger Inc.

Albertsons Cos. operates 589 Albertsons, Safeway and Vons stores in California. The company did not admit wrongdoing. It cooperated with the investigation and has taken steps to correct the violations, according to the L.A. County district atttorney’s office.

In a statement on the settlement, the company said it takes the matter seriously and is committed to ensuring its customers can shop with confidence.

“We have taken steps to ensure our price accuracy guarantee is more visible to customers by posting signage at multiple locations at the front of our stores,” the company stated. “We have conducted additional comprehensive training for associates to reinforce the importance of price accuracy and customer transparency. Additionally, we have enhanced price tracking systems to better ensure real-time accuracy at stores.”

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Prosecutors in the lawsuit alleged that the company failed to implement a price accuracy policy ordered by a court in 2014.

The policy requires that customers who are overcharged for an item either receive the item for free or receive a $5 gift card, depending on which option is worth more. It is designed to encourage customers to immediately report false advertising.

Under the judgment reached Thursday, the grocery giant must implement this policy and ensure staff are properly trained to place accurate weight labels on products.

The serial overcharging was discovered through inspections by Marin County’s Department of Agriculture, Division of Weights and Measures and its counterparts across the state.

“We could not have achieved this result without the outstanding work of our Weights and Measures inspectors as well as vigilant consumers,” said Deputy Dist. Atty. Andres Perez, who prosecuted the case for Marin County.

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For the next three years, Albertsons Cos. is required to hire an independent auditor to ensure it is complying with the terms of the judgment.

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Disney faces class action lawsuit over employee data breach

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Disney faces class action lawsuit over employee data breach

Walt Disney Co. has been hit with a class action lawsuit accusing the Burbank-based entertainment giant of negligence, breach of implied contract and other misconduct in connection with a massive data breach that occurred earlier this year.

Plaintiff Scott Margel submitted the complaint on Thursday in Los Angeles County Superior Court against Disney and Disney California Adventure. The 32-page document also accuses the company of violating privacy laws by not doing enough to prevent or notify victims of the extent of the leak.

The class members, estimated to number in the thousands, are described in the complaint as individuals who gave “highly sensitive personal information” to Disney in connection with their employment at the company — information that was allegedly compromised in the breach.

Representatives of Disney did not immediately respond Friday to The Times’ request for comment.

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The lawsuit cites an article published in September by the Wall Street Journal, which reported that a hacking group known as NullBulge publicly released data spanning more than 18,800 spreadsheets, 13,000 PDFs and 44 million internal messages sent via the workplace communication platform Slack.

According to the Journal, the compromised Slack messages contained sensitive information belonging to Disney cruise employees, including passport numbers, visa details, birthplaces and physical addresses; at least one spreadsheet listed the names, addresses and phone numbers of some Disney Cruise Line passengers. The publication later reported that Disney planned to stop using Slack after the breach.

The plaintiff and class members “remain, even today, in the dark regarding which particular data was stolen, the particular malware used, and what steps are being taken, if any, to secure their [personal information] going forward,” the complaint reads.

The plaintiff and class members “are, thus, left to speculate as to where their [data] ended up, who has used it and for what potentially nefarious purposes.”

In July, NullBulge said that it had leaked roughly 1.2 terabytes of Disney data in rebuke of the company’s treatment of artists, “approach to AI” and “pretty blatant disregard for the consumer.” The self-proclaimed hacktivists told CNN that they were able to penetrate Disney’s system thanks to “a man with Slack access who had cookies.”

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A Disney spokesperson said in a statement at the time that the company was “investigating this matter.”

Margel is demanding that Disney take steps to reinforce its security system and educate class members about the risks associated with the breach. The plaintiff is also seeking unspecified damages and a jury trial.

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Rivian cuts production forecast, citing supply chain issue; its stock dips

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Rivian cuts production forecast, citing supply chain issue; its stock dips

Electric vehicle maker Rivian saw its shares dip Friday after the Irvine-based company cut its production targets amid ongoing supply issues.

Citing a shortage of a component used to build its electric pickups, sport utility vehicles and vans, Rivian said production could drop as much as 18% this year at its lone U.S. assembly plant.

Rivian did not specify the part that is in low supply but noted that the shortage has become more acute in recent weeks.

The company now forecasts its full-year production will be between 47,000 and 49,000 vehicles, down from an earlier estimate of 57,000. During the most recent quarter, Rivian produced 13,157 vehicles and delivered 10,018, falling short of analysts’ expectations.

Shares of Rivian ended the day at $10.44, down 3.2%. The company’s stock has been battered since the start of the year, falling by more than 50% amid underwhelming financial reports. In the second quarter this year, Rivian posted a net loss of $1.46 billion compared with a loss of about $1.12 billion during the same period a year earlier. The company is scheduled to announce its third-quarter earnings next month.

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Rivian received a lifeline in June when Volkswagen agreed to a massive investment in the company that is expected to total $5 billion. Rivan has nonetheless continued to struggle in the face of dropping demand for electric vehicles and other supply chain issues that forced the company to pause its production of commercial vans for Amazon.com in August.

Early this year, the automaker announced a 10% cut in its workforce that sent stocks plummeting 25% in one day. The pool of interested wealthy buyers who don’t already own an electric vehicle is shrinking, analysts said, while the broader market weighs the advantages and feasibility of switching to electric.

The average car buyer is not likely to be able to afford a Rivian vehicle, and concerns remain about charging infrastructure and the distance vehicles can drive on a single charge. Rivian’s R1T electric pickup truck starts at around $70,000; its R1S SUV starts at nearly $75,000.

With sleek design and outdoorsy features, Rivian’s vehicles garnered much attention from analysts and attracted investors such as Amazon and Volkswagen. The company exceeded expectations during its initial public offering of stock in 2021, ending its first day of trading valued at nearly $88 billion.

The production issues announced this week could get in the way of Rivian’s goal of achieving positive gross profits by the fourth quarter of this year. According to analysts, the company’s gross margins are expected to remain in negative territory in the final three months of 2024.

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