Obadiah Stane was the founder and CEO of Stane International who had set his eyes on the acquisition of Stark Enterprises from Tony Stark, the armored Avenger Iron Man. His plan for the hostile takeover was to kill Stark with a tainted bottle of Scotch which he had his secretary send over to him.

Stark did indeed die but not from the liquor, something Reed Richards explained as something far more supernatural. After the takeover, Stane failed to see what was to come next the endless armor wars which he did not survive to see. His son Ezekiel later took over as his successor.[1]

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