Friday, April 16, 2010

Ray Kroc

They developed in innovative delivery system, and makes sure everyone gets good value. He was born in Chicago in 1902 and as a child he seemed more ambitious than others. He started working in a grocery store, and viewed the world as one big place to sell too. He started selling Dixie brand paper cups. He signed a contract with Walgreens and became the star salesman of his company where he worked for 16 years. In 1939, he seeked interest in a five spindled milkshake machine called the multi mixer and was making over $25,000/year. In 1954 he met Dick and Mac (Richard and Maurice) Mcdonald. In 1958 - 1961 he opened up 200 McDonalds but wasn't happy with the brother's hesitation in opening more. In 1961, Ray bought the company from the brothers and payed them 2.7 million dollars. In time he drove the McDonald's real business into the ground Ray Croc suffered from a number of strokes and died from heart failure in 1998 at 81 years of age. The Golden Arches is more known than the cross.

Joan Kroc, Ray Kroc's wife, is the 208th wealthiest person in the world.

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