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Raymond Albert Kroc (October 5, 1902 – January 14, 1984) was an American businessman, widely regarded as the "Founder of McDonald's" for his role in turning the singular hamburger stand into the most successful global fast food corporation by revenue.
Co-founder of YouTube: Attended John Hersey High School [1] 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]
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.
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 ...
The Kroc Center in San Francisco, California, broke ground in June 2006, and the Kroc Center in Atlanta, Georgia, formally known as The Salvation Army Ray and Joan Kroc Center: A Center for Worship and Education, broke ground in 2007. The San Francisco Kroc Center received $53 million (equivalent to $99 million in 2023).
In 1956, Ray Kroc met Harry J. Sonneborn, a former vice president of finance for Tastee-Freez, who offered an idea to accelerate the growth and investment grade of Kroc's planned McDonald's operation: to own the real estate upon which future franchises would be built. Kroc hired Sonneborn and his plan was executed by forming a separate company ...
Hula Burger – A Ray Kroc invention, it featured a slice of pineapple instead of meat. Originally intended for Roman Catholics who are not allowed to eat meat on Fridays during Lent. It was test-marketed in 1963 alongside the Filet-O-Fish sandwich, with the highest seller being added to the menu full-time (the Filet-O-Fish, a creation of an ...