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Raymond Albert Kroc (October 5, 1902 – January 14, 1984) was an American businessman. He bought the fast food company McDonald's in 1961 from the McDonald brothers and was its CEO from 1967 to 1973. Kroc is credited with the global expansion of McDonald's, turning it into the most successful fast food corporation in the world by revenue. [4] [5]
Ray Kroc, a Multimixer salesman, stumbled upon the original McDonald's brothers' burger restaurant in 1954. Kroc became McDonald's first franchisee and transformed the restaurant into a global empire.
Kroc asked the McDonald brothers in 1961 how much they would be willing to leave the business for and the brothers agreed to leave for 2.7 million dollars. Harry J. Sonneborn and Kroc worked together until Sonneborn's resignation in 1967. In the 1970s, McDonald's expanded internationally and still has locations in several countries around the ...
The Founder is a 2016 American biographical drama film directed by John Lee Hancock and written by Robert Siegel.Starring Michael Keaton as businessman Ray Kroc, the film depicts the story of his creation of the McDonald's fast-food restaurant chain, which eventually involved forcing out the company's original founders to take control with conniving ruthlessness.
Ray Kroc bought the original McDonald’s from the McDonald brothers after visiting in 1954 and by the next year, he had opened the prototype for what would become a worldwide fast-food legend ...
Kroc took 1.9% of gross sales, of which the McDonald brothers got 0.5%. [13] [14] Kroc became frustrated with the McDonald brothers' desire to maintain a small number of restaurants. The brothers also consistently told Kroc he could not make changes to things such as the original blueprint.
Associated Press. Ray Kroc, the Illinois native who bought McDonald's in 1961 for $2.7 million and built it into the most profitable fast-food chain in the world, is known for implementing the ...
It opened under the aegis of his franchising company McDonald's Systems, Inc., which became McDonald's Corporation after Kroc purchased the McDonald brothers' stake in the firm. Kroc's restaurant was the first McDonald's built in a colder climate, and some adaptations were made to the design, including a basement with a furnace.