4Kids Chairman and CEO Alfred R. Kahn retired from his positions yesterday. 4Kids will pay Kahn six monthly payments of $250,000, among other benefits, through his retirement agreement.

During the interim, Director Michael Goldstein will take the position of chairman, as 4Kids searches for a CEO. Goldstein served as a Chairman of the Board of Directors for Toys "R" Us from 1997 to 2001, and served as Vice Chairman and CEO of Toys R Us from 1994 to 1998.