Ray Kroc

Ray Kroc

American businessman (1902–1984)

Raymond Albert Kroc (October 5, 1902 – January 14, 1984) was an American businessman who was instrumental in turning McDonald's into the most successful global fast food corporation by revenue. He purchased the brand from the McDonald brothers in 1961, after several years as their franchising agent, and served as the leader of the company until his death.2

From Wikipedia’s article on Ray Kroc (this version), CC BY-SA 4.0.

Born Oct 5, 1902, died Jan 14, 1984.1

About

Kroc was born in Oak Park, Illinois, and worked a variety of jobs, including as a paper cup salesman and a musician, before eventually becoming a milkshake mixer salesman. In 1954, he visited a hamburger restaurant in San Bernardino, California, owned by Richard and Maurice McDonald. Kroc was impressed with the efficiency and speed of the restaurant's operations, and he convinced the brothers to allow him to franchise the concept.

Under Kroc's leadership, McDonald's grew rapidly due to Kroc's focus on aggressive expansion, opening new restaurants across the United States and eventually internationally. Kroc became the owner of McDonald's Corporation in 1961 and is credited as its founder, due to his influence as a franchise agent and principal role in the company's expansion, despite not having founded the company.

Kroc served as president of McDonald's from 1955 to 1968, as chairman of the board from 1968 to 1977, and as senior chairman from 1977 until his death in 1984. During his lifetime Kroc was an active supporter of numerous charitable organizations. He owned the San Diego Padres of Major League Baseball from 1974 until his death.

From Wikipedia’s article on Ray Kroc, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedChester3

Raymond Albert Kroc was born on October 5, 1902, in Oak Park, Illinois, near Chicago, to Czech-American parents, Rose Mary (née Hrach) and Alois "Louis" Kroc. Alois was born in Horní Stupno, part of Břasy near Rokycany. Rose's father Vojtěch was from Ševětín and her maternal grandfather Josef Kotilínek was from Bořice. After emigrating to America, Alois made a fortune speculating on land during the 1920s, only to lose everything with the stock market crash in 1929.

At the age of 15, Kroc made the decision to leave high school, contrary to his parents' wishes. Following the United States' entry into World War I in 1917, he lied about his age in order to enlist with the American Red Cross as an ambulance driver. However, his service was short-lived, as the war concluded shortly after his enlistment. During the 1920s and throughout the Great Depression, Kroc worked a variety of jobs, including a paper-cup salesman, a real estate agent, and a pianist in multiple bands.

From Wikipedia’s article on Ray Kroc (this version), CC BY-SA 4.0.

Career

Occupation: writer, entrepreneur, restaurateur, businessperson, salesperson.8

  • 1955 to 1972Chief executive, McDonald's7
  • Date not recordedWorked at Prince Castle4
  • Date not recordedWorked at Lily-Tulip Cup Company4
  • Date not recordedWorked at American Red Cross4
  • Date not recordedFounded Hamburger University5
  • Date not recordedFounded McDonald's6

Known for: Grinding It Out: The Making of McDonald's.9

Personal life

  • BornOct 5, 1902, Oak Park10
  • DiedJan 14, 1984, San Diego11
  • CitizenshipUnited States12
  • ResidenceOak Park13
  • SpouseJoan Kroc 1968 to 198414

Family

Kroc met Ethel Fleming in 1919, married in 1922, and then moved to Chicago, divorcing in 1961. Together, they had Kroc's only child, daughter Marilyn. He married Jane Dobbins Green in 1963, divorcing her in 1968.

He married his third wife, Joan Smith (née Mansfield) in 1969. Joan Kroc was a philanthropist who significantly increased her charitable contributions after Ray Kroc's death. She donated to a variety of causes that interested her, such as the promotion of peace and preventing nuclear proliferation. Upon her death in 2003, her remaining $2.7 billion estate was distributed among a number of nonprofit organizations, including $1.5 billion donation to The Salvation Army to build 26 Kroc Centers, along with a $200 million donation to National Public Radio as she believed deeply in the power of public radio. In addition to that, she also donated to community centers serving socially deprived neighborhoods throughout the country.

Health

In 1980, following a stroke, Kroc entered an alcohol rehabilitation facility. He died four years later of heart failure at a hospital in San Diego on January 14, 1984, at the age of 81. He was buried at the El Camino Memorial Park in Sorrento Valley, San Diego.

From Wikipedia’s article on Ray Kroc (this version), CC BY-SA 4.0.

Philanthropy

Philanthropy and awards

The Kroc Foundation supported research, treatment and education about various medical conditions, such as alcoholism, diabetes, arthritis and multiple sclerosis. It is best known for establishing the Ronald McDonald House, a nonprofit organization that provides free housing for parents close to medical facilities where their children are receiving treatment.

In 1973, Kroc received the Golden Plate Award of the American Academy of Achievement.

From Wikipedia’s article on Ray Kroc (this version), CC BY-SA 4.0.

Politics

A lifelong Republican, Kroc believed firmly in self-reliance and staunchly opposed government welfare and the New Deal. Kroc donated $255,000 to the Richard Nixon 1972 presidential campaign, and he was controversially accused by some, notably Senator Harrison Williams, of making the donation to influence Nixon to veto a minimum wage bill making its way through Congress.

From Wikipedia’s article on Ray Kroc (this version), CC BY-SA 4.0.

Awards

  • Date not recordedHoratio Alger Award15