Malcolm L. Sherman served as Chairman of Zayre Stores until 1987. Since his retirement from Zayre, he has managed several economically troubled companies. As Chief Executive Officer he reorganized Regina Electric Company, Channel Home Centers, Inc., Morse Shoe Company Ekco Group, Smart Bargains and Casual Corner. He has also served as a director of a number of other companies and was formerly the Chairman of the Board of Trustees of Brandeis University. He has been Chairman of the Museum of Science, the Two Ten National Foundation, Tufts Medical Center, and served on the board of Mass Cultural Council. He also serves as a trustee of the Auerbach Foundation, and The Mass Eye and Ear Infirmary.