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Kroc's first two marriages to Ethel Fleming (1922–1961) and Jane Dobbins Green (1963–1968) ended in divorce. [35] 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.
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 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 ...
Ray Kroc transformed a small family-owned burger stand into McDonald's, the world's biggest fast-food empire.
Ray Kroc: Oct 5, 1902: Jan 14, 1984: Businessman behind McDonald's success Lived in Arlington Heights Robert A. Roth: Mar 19, 1947: Publisher and art collector, founder of Chicago Reader: Grew up in Arlington Heights [2]
AP. By the late 1960s, McDonald's had ditched the two-arch design, with the golden arches appearing instead on signs. This is the era in which Ray Kroc had taken over the business and was swiftly ...
Jack Nicholson’s legacy is not limited to his work as an actor. He’s also a father of six, with five different moms. Nicholson, 86, is dad of Jennifer, 60, Caleb, 53, Honey, 43, Lorraine, 33 ...
Kroc bought the company in 1961 for $2,700,000 (equivalent to $27,500,000 in 2023), calculated so as to ensure each brother received $1,000,000 (equivalent to $10,200,000 in 2023) 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.