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...sold the business for $2 million to Nashville Businessmen Jack Massey and John Y. Brown Jr., now Kentucky's Democratic Governor; seven years later they peddled the chain to Heublein Inc. for an estimated $287 million in stock. Sanders, who stayed on at KFC Corp. as a $125,000-a-year consultant, never lost his sizzle. On occasion he would tour a KFC franchise and, if dissatisfied, tell newsmen that, say, the mashed potatoes tasted like "wallpaper paste...

Author: /time Magazine | Title: Milestones, Dec. 29, 1980 | 12/29/1980 | See Source »

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