As with what Allan Miller and Alan Arnold wrote, I agree that Richard Kughn's name is as important in the history of Lionel as is the founder's name. I do wonder how many other CEO's would have been open enough to take a phone call from a long-haired rock and roller, listen to his idea and then start a partnership with him?
Richard Kughn will certainly be forever remembered by the train community for the electronic and digital advancements in the hobby. But he wasn't a one-sided person with a one-sided vision. Often forgotten or overlooked, he put a great deal of emphasis into the traditional product line of Lionel also.
I reentered the hobby by purchasing a Kughn-era Lionel 4-4-2 steam engine set at K-Mart. That locomotive is still running on my layout today after 30 years. I hadn't seen Lionel product in a mass-market retailer in years. Richard Kughn himself said the Lionel 4-4-2 starter set was the single best selling item in the Lionel catalog.
And the new product tooling was not limited to the high end only. Before I had to downsize my own collection, I had every single traditionally sized waffle box car Lionel made. Then there was the traditionally sized spine car. There were the many reissues of popular postwar items such as the aquarium car and the toxic waste flat car and many others. Many others.
It should also be considered that although Lionel did have a US manufacturing plant during the Kughn years, Lionel was even at that time, doing overseas contracting for parts and components of Lionel products. That first set I bought at K-Mart said "Made in America" on the box, but on the inside of the engine shell, it was engraved "Made in Macau." I don't say that at all as criticism of Mr. Kughn, but rather in defense of subsequent Lionel CEO's, who have come under more scorn for overseas production. It's much easier to be the consumer of a product than it is the person responsible for and thus running the company.
While the newer more recent Lionel catalogs are much bigger with much more product, my favorite catalogs to browse through are the ones from the Kughn-era of Lionel. If he didn't "save" Lionel, he certainly had the vision to take the company forward into the future, while having a firm eye on the glories of the past that made Lionel Trains so important to so many of us.