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The almanac

UPI Almanac for Saturday, Oct. 5, 2013.
By United Press International

The almanac

UPI Almanac for Monday, April 15, 2013
By United Press International

McDonald's Corp.'s Fred Turner dies

OAK BROOK, Ill., Jan. 8 (UPI) -- U.S. restaurant chain McDonald's Corp. said its former chairman and chief executive officer Fred Turner has died at age 80 from complications from pneumonia.

The almanac

UPI Almanac for Friday, Oct. 5, 2012.
By United Press International

The almanac

UPI Almanac for Sunday, April 15, 2012.
By United Press International

The almanac

UPI Almanac for Wednesday, Oct. 5, 2011.
By United Press International

Widow's dream remains underfunded

CHICAGO, June 15 (UPI) -- Money woes are stalling community centers envisioned by Joan B. Kroc before the fast-food chain heiress's death in 2003, a Salvation Army official says.

Chicago broker Gordon Teach dies at 91

INVERNESS, Ill., Feb. 17 (UPI) -- Gordon Teach, former chairman of the National Association of Securities Dealers, died at his home in Illinois this month at the age of 91.

The almanac

UPI Almanac for Sunday, Oct. 5, 2008.
By United Press International

Fast-food pioneer Baker dies

REDLAND, Calif., June 11 (UPI) -- Neal T. Baker, a pivotal player in several successful fast-food chains, died in his Redland, Calif., home at age 84, his family said.

The almanac

UPI Almanac for Tuesday, April 15, 2008.
By United Press International

The almanac

UPI Almanac for Friday, Oct. 5, 2007.
By United Press International

The Almanac

UPI almanac for Sunday, April 15, 2007.
By United Press International

The Almanac

UPI almanac for Thursday, Oct. 5, 2006.
By United Press International

The Almanac

Today is Saturday, April 15, the 105th day of 2006 with 260 to follow.
By United Press International
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Ray Kroc
Wiki

Raymond Albert "Ray" Kroc (October 5, 1902 – January 14, 1984) was an American businessman who took over the small-scale McDonald's Corporation franchise in 1954 and built it into the most successful fast food operation in the world. Kroc was included in Time 100: The Most Important People of the Century, and amassed a $500 million fortune during his lifetime. He was also the owner of the San Diego Padres baseball team starting in 1974.

Kroc was born to parents of Czech origin in Oak Park, Chicago, Illinois, in 1902. He grew up and spent most of his life in Oak Park, Ill. During the First World War he trained to become an ambulance driver. At this time he befriended Walt Disney who was also in training. The war ended before Kroc saw action. Between the end of the war and the early 1950s he tried his hand at a number of trades including paper-cup salesman, pianist, jazz musician, band member and worked at an Oak Park radio station. At one time, Ray worked for room and board at one of Ray Dambaugh's restaurants in the mid west to learn the restaurant business. Years later, he returned the favor by coming to Ray Dambaugh's funeral in Evans City, Pennsylvania to pay his respects. He eventually became a multi-mixer milkshake machine salesman, traveling across the country.

Convinced that he could sell mixers to every new restaurant that they opened, he partnered with the McDonald brothers who were looking to begin franchising. Kroc eventually became frustrated with the brothers' willingness to accept their chain having only a handful of restaurants. In 1961, he purchased the company from the brothers. The agreement was for the McDonald's to receive $2.7 million for the chain and to continue to receive an overriding royalty of 1.9% (when negotiating the contract the McDonald brothers said that 2% sounded greedy, 1.9% was much more attractive) on the gross sales.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Ray Kroc."
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