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| Company Founder Biographies: Founder bios of some of the most successful people in business today. |
Ray Kroc Bio, Founder of McDonald's
Richard called this "fast food," and in order to reassure customers, the food prep area was made visible to them so that everything could be seen to be clean, orderly, and fresh-made. The savings passed on to the customer made the McDonald's restaurants popular with families. They began franchising the restaurant in 1953, a year before meeting Kroc. Kroc became a franchisee in 1955, opening a McDonald's in Des Plaines outside Chicago, and he was the one who saw the real potential of the concept -- as others had, who visited McDonald's restaurants and, inspired just as the brothers had been by Ford's assembly line, went on to found Burger King, Burger Chef, Whataburger, Hardee's, and Taco Bell, all of them using similar techniques. Kroc was ambitious. He opened new restaurants aggressively, allegedly opening a location across the street from the brothers' original restaurant in order to hurt their business; by that point Kroc ran more locations than the founders did, and in 1961 he bought the company outright, agreeing to continue to pay the brothers a 1% royalty. Under Kroc, McDonald's expanded globally, though it never deviated from the original principles the brothers had in mind. Kroc eventually relocated to San Diego, and bought the Major League Baseball franchise the San Diego Padres. He died of heart failure on January 14, 1984. |
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