
LeapFrog founder Mike Wood dies by assisted suicide amid Alzheimer's battle: report
Mike Wood, 72, decided to end his life on April 10 after he was diagnosed with Alzheimer's and did not want the disease to progress further, his brother told The New York Times.
A doctor with the nonprofit organization Dignitas in Switzerland performed the procedure as the entrepreneur was surrounded by his family in Zürich — a city located about 80 miles from the capital of Bern.
5 LeapFrog Enterprise CEO Mike Wood holds Little Leap, one of the company's educational toys, in the company's headquarters in Emeryville, Calif., on Feb. 5, 2003.
AP
'We are saddened by the loss of LeapFrog founder, Mike Wood. He was an innovative leader whose passion to find a new way to help his child learn led to something remarkable,' LeapFrog Enterprises wrote in a statement on Instagram.
'His passion was transformed into a company that has helped millions of children learn to read, and so much more. We loved working with Mike and are honored to continue what he started.'
Under Swiss law, assisted suicide is only considered a crime if the motive is selfish — meaning it can't be performed for scenarios like financial gain through inheritance. Assisting someone to kill themselves unlawfully can be punishable by up to five years in jail.
Wood, a California native, graduated with a Bachelor of Arts from Stanford University in 1974 and later received a law degree from the University of California Law San Francisco — Hastings College of the Law — and worked as an attorney for several years.
However, when he became a father, his 3-year-old son, Mat, struggled with reading and pronouncing the sounds of letters, according to The New York Times.
5 The Dignitas assisted suicide clinic, in Zurich, Switzerland.
Shutterstock
The young father, worried his struggles with reading would continue as he got older, began working on an innovative prototype that would later become a best-selling toy across the US.
Basing his invention on Musical greeting cards, Wood created LeapFrog — an electronic toy that pronounced the sounds of plastic letters when a child interacted with it.
With the help of engineers at Lawrence Livermore National Laboratory and an education professor at Stanford, he founded LeapFrog Enterprises in 1995 and began manufacturing the Phonics Desk to help connect letters and sounds for young children.
In 1997, Oracle founder Larry Ellison and investor Michael R. Milken were so impressed by LeapFrog that they bought the majority stake through their American educational services company, Knowledge Universe.
5 Wood, a California native, graduated with a Bachelor of Arts from Stanford University in 1974 and later received a law degree from the University of California Law San Francisco.
WireImage for LeapFrog Enterprises, Inc.
Knowledge Universe brought in millions, allowing Wood's company to invent new educational toys.
With the influx of cash flow, Wood acquired a company to develop the LeapFrog — an easy-to-use computer that resembled a book, with early touch screen technology, with interactive pages that, when pressed, would spell or sound out words for children within the storybooks that could be inserted inside.
Wood also insisted that the toy be sold for no more than $49 across the US, LeapFrog's former president of the SchoolHouse Division, Bob Lally, wrote in a piece honoring Wood's legacy.
'His vision of how this technology and his relentless drive to get the retail cost below $50 was the key to LeapFrog's success as the LeapPad launched the following year to amazing success,' Lally wrote.
5 LeapFrog was one of the top selling toys in to early 2000s.
AP
The LeapFrog became the best-selling toy of the 2000 holiday season, which propelled the company into creating other educational toys, including devices that helped with math and geography.
In 2001, LeapFrog products were in nine million homes and thousands of schools. By 2008, more than 30 million LeapPads and related products had been sold globally, according to The New York Times.
Leapfrog's former executive director of entertainment, Chris D'Angelo, wrote that Wood was 'demanding, but he brought out the best in us.'
'I can still hear him say, 'This is an A. How can we make it an A+?' We'd all grumble and go back to the drawing board—but always returned with something better,' D'Angelo wrote.
5 In 2023, his daughter-in-law, Emily Wood, posted a TikTok video of Mr. Wood teaching her daughter to use a forerunner of the LeapPad.
'He taught me that extra effort is worth it when you're chasing a huge vision. He helped shape who I am as a creator, a leader, and a person.'
Wood stepped down from his company in 2004 but 'continued his commitment to early childhood education by founding yet another company, SmartyAnts,' Lally wrote.
He also spent years as a volunteer reading teacher at a school near his home in California.
Wood told the Wall Street Journal in 2014 that he retired due to the stress running a major company brought with it.
'In 2003, we had 1,000 employees, $650 million in revenue, $60 million in earnings, and I had a headache every day. There would be four or five problems on my desk every day that had no good answer — you had to pick the least worst answer.'
Wood is survived by his wife and high school sweetheart, Leslie Harlander, his brothers, Tim and Denis, his son, Mat, and three grandchildren.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Hill
21 minutes ago
- The Hill
The traditional 9-to-5 is being replaced by the 'infinite workday'
While most of the conversation around the post-pandemic workplace has focused on remote working and RTO (return to office) mandates, new research is pointing to an emerging trend. Microsoft's latest Work Trend Index has found that the traditional nine-to-five workday is becoming obsolete, and is being replaced by the 'infinite workday' instead. The Work Trend Index found that the average American employee receives 50 work-related messages outside of standard business hours, 40 percent who are online at 6am are reviewing emails, nearly 30 percent check emails after 10pm, and one in five review work correspondence on weekends. Want to take your career in a new direction? Discover 5 jobs hiring across the U.S. This shift represents a fundamental transformation in how Americans work, with potential ramifications for everything from overtime regulations to employee wellbeing initiatives. The pandemic's lasting impact While the pandemic didn't directly create an out-of-hours work culture, it made it more normal, particularly in jobs that would have never been done remotely before. The shift to a more flexible attitude to working hours was necessary as adults juggled childcare or caregiving responsibilities during the traditional workday. However, this trade-off has now become embedded in workplace culture, several years after restrictions have become a distant memory, and mandatory RTO policies are paradoxically exacerbating the problem rather than solving it. This is because workers now feel pressure to demonstrate their productivity and commitment by working additional hours, particularly those who are desperately trying to cling onto whatever remote working privileges they have left. After all, how can any boss argue with an employee looking for workplace flexibility when they are visibly online well into the night? Another pandemic hangup that is affecting how we work is the amount of meetings we've become accustomed to. While camera-on video calls became a necessary evil during the pandemic, the default option to 'jump on a call' when an email chain would suffice means workers are spending much of their in-office hours on calls or in meetings that leave little time for focused work. In fact, 57 percent of meetings are arranged on the fly without a calendar invitation. Most meetings take place between 9am and 11am and 1pm and 3pm, and Tuesdays are the day when most meetings take place (23 percent). However, being trigger-happy when it comes to sending emails en masse isn't the solution either. Microsoft's research uncovered that the average worker receives 117 emails daily and mass email threads with 20-plus participants are up 7 percent in the past year. One-on-one emails are on the decline (down 5 percent in the last year). This means evenings and weekend hours are increasingly becoming the only times real tasks can be accomplished. Microsoft's research found that 29 percent of workers are diving back into their inbox at 10pm and 50-plus messages are sent and received outside of core working hours. Additionally, 20 percent of workers are actively working over the weekends and check their emails before noon on Saturdays and Sundays. Around 5 percent will also check their email after 6pm on a Sunday in anticipation of the working week. Hanging in the balance This transformation raises important questions about existing labor protections and overtime regulations. And while some off-hours work represents legitimate flexibility which allows employees to attend to personal responsibilities during traditional business hours, Microsoft's research also suggests that many workers are experiencing genuine work expansion rather than redistribution. One solution could lie in HR departments implementing screen time monitoring to get a better overview of working patterns, but this kind of intervention could also create a toxic work culture where anyone not working overtime could be viewed less favourably by management and lead to even more burnout. As such, when off-hours work becomes the norm, it creates what the report refers to as an 'infinite workday' where employees never truly disconnect. The death of the nine-to-five workday may be inevitable, but how America manages this transition will determine whether it leads to greater work-life integration or simply longer working hours disguised as flexibility in the long run.


CNBC
22 minutes ago
- CNBC
10 things to watch in the stock market Friday including Salesforce and Buffett stocks
My top 10 things to watch Friday, Aug. 15 — Today's newsletter was written by Zev Fima, the Investing Club's portfolio analyst. 1. DA Davidson upgraded Club name Salesforce to a hold-equivalent rating from underperform while keeping its price target of $225 a share. Activist investor Starboard increased itss stake in the company by 47%, the firm noted, and "another round of activist involvement may help the company correct course." 2. Bank of America downgraded Target to an underperform sell rating, citing longer-term sales and margin risks. Its price target was cut to $93 from $105. Target, which has had a rough few years, is among the retailers set to report earnings next week. We'll also hear from Club stocks TJX Companies and Home Depot . 3. Retail sales in July rose 0.5% from the prior month, as expected, according to the Census Bureau's advanced report. That's a good sign for the consumer. The S & P 500 is headed for a positive open and it's second weekly gain in a row. Consumer sentiment data out at 10 a.m. ET is something to watch. 4. The Dow, meanwhile, is set to open more than 250 points higher, and a 10% pop in shares of UnitedHealth Group is a big reason why. The stock is getting a classic "Buffett bounce," after Berkshire Hathaway revealed in a securities filing it took a $1.6 billion stake in the embattled health insurer during the second quarter. 5. Shares of American steelmaker Nucor are also up on news of Berkshire taking a position in the second quarter. The same goes for the homebuilders Lennar and DR Horton , as well as billboard operator Lamar Advertising . Warren Buffett is set to hand over the Berkshire CEO role to Greg Abel at year-end. 6. Raymond James upped its price target on Ulta Beauty to $580 from $500 and reiterated its buy-equivalent outperform rating. Analysts argued that "unleashed" turnaround initiatives are starting to take hold at the cosmetics retailer. 7. Analysts at both Evercore ISI and Mizuho raised their price targets on Dell Technologies to $160 from $150. Both cited strong AI server demand. Nvidia's upcoming Rubin chip in 2026 is expected to be a tailwind to Dell in the back half of next year, Mizuho said. 8. Applied Materials is getting crushed after the semiconductor equipment company issued weak guidance for the current quarter. CEO Gary Dickerson cited the difficult macroeconomic environment and uncertainty relating to U.S. policy. While BofA downgraded the stock to neutral, analysts believe the issues are more company-specific and not a great read-through to Lam Research or KLA Corp . 9. Mizuho raised its price target on Oracle to $300 from $245 and reiterated its outperform buy rating. AI is driving demand for the company's "differentiated" cloud architecture, analysts said, and its analyst day in October could prove to be another positive catalyst for shares. 10. Morgan Stanley believes Club stock Apple could finally be turning the corner, and the firm also now sees iPhone builds in the September quarter being flat year over year at 54 million, up from its previous estimate of 50 million. After a monster 13% rally last week, Apple shares have added another 1.5% so far this week. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.


Axios
an hour ago
- Axios
White House moves on data echo emerging markets
Investors in emerging markets that have leaders who cast doubt on national economic data may have lessons for American traders, as President Trump continues to dispute official statistics. Why it matters: The U.S. is by no means an emerging market or dictatorship. But looking at how markets around the world perform under authoritarian leadership holds some important lessons for domestic investors. Catch up quick: Trump has made several recent moves. Fired the head of the Bureau of Labor Statistics. Pressured Federal Reserve chair Jerome Powell to lower interest rates. Cut a deal to take a portion of revenue from two major American chip companies selling semiconductors to China. Called on Goldman Sachs to fire its head economist, after the institution predicted, alongside most of Wall Street, that tariffs would drive inflation and slow growth. Created a scorecard that rates companies and trade associations on how hard they worked to support and promote the "One Big Beautiful Bill," a senior White House official tells Axios' Mike Allen. State of play: "In emerging markets whenever we see the administration trying to dictate monetary policy it's almost always received extremely poorly," says Jason Hsu, founder of Rayliant Global Advisors, where he focuses on emerging markets. The MSCI Emerging Markets Index is up over 20% year-to-date compared with the 10% year-to-date gains of the S&P 500. Emerging markets with authoritarian leaders can still have strong stock market performance Fabio Natalucci, CEO of the Andersen Institute for Finance and Economics and a former deputy director of the International Monetary Fund, tells Axios. What matters are the specific policies of each leader, how they affect the independence of the central bank, and the integrity of economic data. Between the lines: Highly centralized leadership in emerging markets tends to come with a weak local currency, high inflation and slowing growth. In Turkey, the head of the central bank has been dismissed a number of times, which has led to a crash of the Turkish currency. In China, doubts over economic data have forced investors to rely on alternate sources, including shipping volumes and satellite images. Zoom in: The risk in this particular moment is that Fed independence is under pressure while the full potential impact of tariffs has not been felt yet, which could leave monetary policy "really behind the curve," Natalucci says. The U.S. is "thriving because it's an open economy. It's a rules-based economy," he adds. If the rules are rewritten, it could be a catalyst for investors to continue moving away from dollar-denominated assets. Yes, but: Not only is the U.S. not an emerging market, but American leadership still has the kind of credibility that emerging markets leaders often lack, Hsu notes. Trump has "a lot of willing believers," including market participants who felt economic data gathering needed reforms to make it more accurate. What we're watching:"The market will price (any) policy mistake," Natalucci says. The bond market has been relatively stable since April. But if the Fed were to cut rates amid hot inflation, bond investors could react negatively, pushing up yields and making debt more expensive. And that could put pressure on the administration, which has already proven that it reacts when the bond market panics. The White House responded to an Axios request for comment on these parallels via email. "There is no virtue in defending a broken status quo and upholding elite-approved America Last policies that have eroded our industrial base and decimated American communities," White House spokesman Kush Desai writes, pointing to efforts to lower inflation and strike trade deals.