Albert J. Dunlap, also known as “Chainsaw Al,” died Jan. 25 at his Ocala home, according to the Wall Street Journal. He was 81.
Dunlap got his nickname when he “eliminated thousands of jobs” before losing his own job as the CEO of Boca Raton-based Sunbeam Corp. He was then charged by the SEC for “illegal accounting maneuvers to mask Sunbeam’s financial troubles.”
He accepted a lifetime ban from serving as an official for a public company and also paid a $500,000 penalty. Dunlap also paid $15 million in a settlement in a shareholder class-action lawsuit against Sunbeam.”
His death was announced by Florida State University, citing a “brief illness.” He and his wife, Judy, were major donors to the university, giving more than $40 million.
FSU also note that the Dunlaps’ philanthropy went beyond the school, with donations to Mayo Cancer Center in Judy’s hometown in Wisconsin, where the couple met, and the Mayo Clinic in Jacksonville in honor of her parents. The couple also made donations to the Marion County Sheriff’s Office’s K-9 Department and sponsored an annual Christmas party for children.