Search results
Results from the WOW.Com Content Network
Kroc and Fleming met in 1919, married in 1922, and then moved to Chicago, Illinois. Their daughter Marilyn was born in 1924. [38] He married his third wife, Joan Smith (née Mansfield) in 1969. Joan Kroc was a philanthropist who significantly increased her charitable
The couple's only child, a daughter named Linda, was born the following year. [7] Mansfield met McDonald's Corp. founder Ray Kroc, who was 26 years her senior, while playing the organ at the Criterion Restaurant in St. Paul, Minnesota in 1957. [8] [9] Ray said in his autobiography that he "was stunned by her blonde beauty". They were both ...
Kroc bought the company in 1961 for $2,700,000 (equivalent to $28,400,000 in 2024), calculated so as to ensure each brother received $1,000,000 (equivalent to $10,500,000 in 2024) after taxes. [ 15 ] At the closing, Kroc became annoyed that the brothers would not transfer to him the real estate and rights to the original San Bernardino location.
Ray Kroc transformed a small family-owned burger stand into McDonald's, the world's biggest fast-food empire.
Kroc appointed Sonneborn as McDonald's first president and chief executive officer in 1959. In 1967, he fell out with Kroc when he insisted on continuing expansion whereas Sonneborn held the conservative view that the country was heading into a recession and they should stop building new stores. Sonneborn resigned from McDonald's on June 8 ...
A Minnesota mother has been sentenced to three years in prison after neglecting to take her 9-year-old daughter to the hospital for several hours during an asthma attack last year, resulting in ...
Michael Strahan's Daughter Could Have Died 'Within Weeks' of Cancer Diagnosis Without Treatment, Says Her Doctor (Exclusive) Liz McNeil. January 23, 2025 at 11:00 AM.
Kroc himself fully appreciated Martino's key role in the company and her loyalty in working long hours for little pay in the early years, rewarding her with an equity interest in the company. Thus, when McDonald's went public in 1965, Martino cashed in $300,000 of her holdings (equivalent to $2.3 million in 2018) and her remaining holdings were ...