American Business Heroes

Home
 
Abraham Lincoln
Alan Turing
Alexander Graham Bell
Amelia Earhart
Albert Einstein
Babe Ruth
Bill Wilson
Benjamin Franklin
Bessie Coleman
Bill Gates
César Chávez
Charles Lindbergh
Christopher Columbus
Dr. Seuss
Florence Nightingale
Franklin D. Roosevelt
George Washington
George Washington Carver
Helen Keller
Henry Ford
Jackie Robinson
Jesus Christ
Jimmy Carter
Jim Henson
John Adams
John Kennedy
John Quincy Adams
Juan Trippe
Louis B. Mayer
Louis Braille
Ludwig Beethoven
Mao Zedong
Mark Twain
Martin Luther King Jr.
Mohandas Gandhi
Mother Teresa
Nelson Mandela
Oprah Winfrey
Pablo Picasso
Ray Kroc
Richard M. Nixon
Rosa Parks
Ronald Reagan
Sam Walton
Steven Spielberg
Stonewall Jackson
Thomas Edison
Theodore Roosevelt
Thomas Jefferson
Thurgood Marshall
Ulysses S. Grant
Walt Disney
Winston Churchill
Wright Brothers
 

Ray Kroc

(October 5, 1902 – January 14, 1984)

 
Ray Arthur Kroc was an American entrepreneur, most famous for founding the McDonald's Corporation in 1955, although he did not found the restaurant chain itself, which was started by Dick and Mac McDonald in 1940. Dubbed the Hamburger King, Kroc was included in the TIME 100 list of the world's most influential builders and titans of industry and amassed a $500 million fortune during his lifetime. Kroc was of Czech ancestry and was survived by his third wife, Joan B. Kroc. He was also once the owner of the San Diego Padres baseball team starting in 1974.

 

Early life
Kroc was born in Oak Park, Illinois in 1902 and went on to become an ambulance driver during the First World War where he worked with Walt Disney. He tried his hand at a number of trades between then and the early 1950s, by which time he had become a Multimixer milkshake machine salesman traveling across the country peddling his wares. It was this work which led him to the two brothers, Dick and Mac McDonald, who were using eight of his machines at their innovative San Bernardino, California hamburger restaurant.


McDonald's
Immediately realizing the potential of the brothers' business, which they had already begun to franchise, Kroc went into business with them and acquired franchising rights to open a McDonald's restaurant of his own, in Des Plaines, Illinois in 1955.

Although the McDonald brothers had themselves invented the "Speedee Service System" in 1948, establishing the principles of the modern fast-food restaurant, and had begun franchising their restaurants before they met Kroc, it was he who recognized the enormous potential their restaurant had. He encouraged the brothers to put him in charge of franchising, and founded McDonald's Corporation (originally "McDonald's Systems, Inc.") with the opening of his first franchise.

Kroc's enthusiasm for the company was strong, and in his first year with McDonald's he unsuccessfully attempted to convince Walt Disney, a fellow WWI ambulance driver with whom he had been acquainted, to let him open a restaurant in the forthcoming Disneyland.

In 1961, Kroc bought out the McDonald brothers for the price of $2.7 million dollars and the condition that the brothers would be able to keep their original restaurant. Their relationship was not harmonious, and Kroc denied them the rights to the McDonald's name and, after renaming their restaurant Big M's, Kroc opened up a new McDonald's down the street to force them out of business. Under Kroc, McDonald's promulgated a version of its history that emphasized Kroc as "McDonald's founder," barely mentioning the role the McDonald brothers played. Kroc's first restaurant was inaccurately claimed to be "McDonald's #1" (it was actually the 9th McDonald's restaurant), and the company dated its founding to 1955, not 1940. However, in his autobiography he acknowledged the contributions of the McDonald Brothers.


Epilogue
In the early 1970s, Kroc became owner of the San Diego Padres, and on Opening Day in 1974 he got on the stadium public-address system to criticize the team during a poor performance, saying, "This is the stupidest ballplaying that I have ever seen."

Kroc was investigated by the FBI for donating large amounts of money to CREEP (the Committee to RE-Elect the President) in order to obtain a monopoly on food sales at 1976 U.S. bicentennial celebrations. [1]

In 1977, he wrote his autobiography, Grinding It Out, which inspired the 2004 song Boom, Like That by Mark Knopfler.

Kroc is interred at El Camino Memorial Park, in La Jolla, Ca., next to his wife who survived him.


Ray Kroc in pop culture
The single Boom, Like That from the album Shangri-La by the British guitarist Mark Knopfler features the story of Ray Kroc, including some quotations from his autobiography.


Quotes
"All money means to me is a pride in accomplishment."
"As long as you're green, you're growing. As soon as you're ripe, you start to rot."
"Creativity is a highfalutin word for the work I have to do between now and Tuesday."
"Early to bed, early to rise, advertise, advertise, advertise."
"I have ALWAYS believed that each man makes his own happiness and is responsible for his own problems.": First sentence of his book Grinding It Out: The Making of McDonald's ([2])
"If you're not a risk taker, you should get the hell out of business."
"If you have time to lean, you have time to clean."
"In my experience, good executives don't make mistakes."
"Look after the customer, and the business will take care of itself."
"The quality of an individual is reflected in the standards they set for themselves."
"We're not in the hamburger business, we're in show business."
"I believe in God, family, and McDonald's -- and in the office, that order is reversed."
"It is ridiculous to call this an industry. This is not. This is rat eat rat, dog eat dog. I'll kill 'em, and I'm going to kill 'em before they kill me. You're talking about the American way -- of survival of the fittest."
"If my competitor were drowning I'd stick a hose in his mouth and turn on the water."
 

Ads
 
 
 

Disclaimer Leaders Positive Thinking Links

 Spiritual Ideas   Religions of the World   Greatest Gurus Of The World  Spiritual Books  Self Help Guide  Partners