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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
RetailPayless

Payless Is Pulling Light-Up Kids Shoes Suspected of Catching Fire

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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May 11, 2016, 3:36 PM ET
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Payless is reportedly pulling its boys’ Jake Lighted Runner light-up shoes over suspicion that they caused a fire in an SUV in Texas.

CNBC reported that the shoes were worn by a toddler whose parents told a local NBC station that he left them in the SUV over the weekend. But when they opened the car, the backseat was charred.

Although a cause has yet to be determined, the parents blamed the shoes’ lithium batteries, which have been linked to other fires. Boeing has warned passenger airliners that bulk shipments of lithium-ion batteries in their cargo could cause fires, and most recently, hoverboards have been banned in a number of places for igniting.

“You don’t think about … a blinky shoe,” the toddler’s father, Attila Virag said. “You don’t think about the risks.”

Payless said in a statement to CNBC that it has removed the line of shoes from its shelves “out of an abundance of caution” as authorities investigate the cause of the fire.

“We have contacted the family, and we will work with them and local authorities to better understand the circumstances of the fire and what may have caused it,” the company told CNBC.

Fortune has reached out to Payless for comment, and we will update this story once we hear back.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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