Ray Kroc - Citizendia

Ray Kroc (October 5, 1902 - January 14, 1984) took over the then small-scale McDonald's Corporation franchise in 1954 and built it into the most successful fast food operation in the world. Events 869 - The Fourth Council of Constantinople is convened to decide about what to do about Patriarch Photius of Constantinople Year 1902 ( MCMII) was a Common year starting on Wednesday (link will display calendar of the Gregorian calendar (or a Common year starting Events 1129 - Formal approval of the Order of the Templar at the Council of Troyes. Year 1984 ( MCMLXXXIV) was a Leap year starting on Sunday (link displays the 1984 Gregorian calendar) Fast food is the term given to food that can be prepared and served very quickly Dubbed the Hamburger King, Kroc was included in the TIME 100 list of the world's most influential builders and titans of industry, and amassed a $500 million fortune during his lifetime. A hamburger (or burger) is a Sandwich consisting of a cooked ground Meat Patty, usually Beef, placed in a sliced bun or between Time (trademarked in capitals as TIME) is a weekly American Newsmagazine, similar to Newsweek and [1] He was also the owner of the San Diego Padres baseball team starting in 1974. The San Diego Padres are a Major League Baseball team based in San Diego California since their founding in 1969

Life

Kroc was born to parents of Czech origin in Chicago, Illinois in 1902. Czechs (Češi ˈt͡ʃɛʃɪ archaic Čechové) are a western Slavic people of Central Europe, living predominantly in the Czech Republic Chicago (ʃɪˈkɑːgoʊ is the largest City by population in the state of Illinois and the American Midwest of the United States. The State of Illinois ( roughly ill-i-NOY is a state of the United States of America, the 21st to be admitted to the Union. Year 1902 ( MCMII) was a Common year starting on Wednesday (link will display calendar of the Gregorian calendar (or a Common year starting During the First World War he trained to become an ambulance driver though the war ended before he ever saw action. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All He tried his hand at a number of trades, including paper-cup salesman and pianist, between the end of the war and the early 1950s. He eventually became a multi-mixer milkshake machine salesman, traveling across the country. A milkshake is a sweet cold beverage which is made from Milk, Ice cream or Iced milk, and flavorings or sweeteners such as fruit syrup or chocolate This work introduced him to brothers Richard and Maurice (Mac) McDonald, who had opened the first McDonald's restaurant in 1948, in San Bernardino, California. Richard "Dick" J McDonald ( February 16, 1909 – July 14, 1998) and Maurice "Mac" McDonald ( November 26 California ( is a US state on the West Coast of the United States, along the Pacific Ocean. Their innovative hamburger restaurant ran eight multi-mixers at a time. A hamburger (or burger) is a Sandwich consisting of a cooked ground Meat Patty, usually Beef, placed in a sliced bun or between

Convinced that he could sell numerous mixers to every new restaurant that opened, he partnered with the brothers to open and franchise additional McDonald's restaurants. Kroc eventually became frustrated with the brothers' willingness to accept their chain having only a handful of restaurants. In 1961, he purchased the company from the brothers. The agreement was for the McDonald Brothers to receive $2. 7 million for the chain and to continue to receive an overriding royalty of 1% on the gross sales. ^[1]

The agreement was a handshake agreement between the parties because Kroc insisted he couldn't show the royalty to the investors he had lined up to capitalize his purchase. At the closing table Ray became outraged that the brothers would not transfer to him the real estate and rights to the original unit. The brothers had told Kroc that they were giving the operation, property and all, to the founding employees. Kroc closed the transaction, then refused to acknowledge the royalty portion of the agreement because it wasn't in writing. He also opened a new McDonald's restaurant near the original one (now renamed "The Big M" as they had neglected to retain rights to the name) to force it out of business. ^[2].

Kroc died of a heart ailment at Scripps Memorial Hospital in San Diego, California, on January 14, 1984 At the age of 81. Kroc was survived by his third wife, Joan B. Kroc. Joan Beverly Kroc (born Mansfield) ( August 27, 1928 &ndash October 12, 2003) was the third wife of McDonald's CEO Ray He had been married twice before, to Ethel Fleming (in 1922) and Jane Dobbins Green (1963), who had been John Wayne's secretary.

The former Dire Straits guitarist and lead vocalist Mark Knopfler released a song about Ray Kroc on his 2004 album Shangri-La. Dire Straits was a British rock band, formed in 1977 by Mark Knopfler (guitar and vocals his brother David Knopfler (guitar Mark Knopfler OBE (born August 12 1949 Glasgow, Scotland) is a British Guitarist, Singer, Songwriter, Shangri-La is a fictional place described in the 1933 Novel Lost Horizon by British author James It was inspired by Ray Kroc's autobiography Grinding It Out and the starting of McDonald's, using many of Mr. Kroc's exact words.

References

^ cf. "Grinding It Out" 1977 by R. Kroc
^ cf. "Grinding It Out" 1977 by R. Kroc, page 123

External links

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