Word: kroc
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...MacDonald's, Inc., announces that it will expand its operations into mainland China at the beginning of April. Ray Kroc, the owner of the chain, reveals that in keeping "with the organization's tradition of offering regional specialties," the Chinese outlets will begin serving Egg McRolls and Big Maos...
...Kroc, McDonald's Senior Chairman, in Tokyo to open stand No. 5,000, on his other role as owner of the San Diego Padres: "The club is a helluva lot of fun, like my wife, but there's no profit in either...
...months Burger Baron Ray Kroc, 76, founder of the McDonald's hamburger chain, has been bedeviled by a rumor that he donates money to the Church of Satan, a San Francisco-based cult. "The most vicious thing I've ever heard and all lies," sputters Kroc. Nonetheless, on many fundamentalist Christians in the Southern and Midwestern Bible Belt, the rumor has had the impact of a Big Mac attack in reverse: they are boycotting McDonald's. So far, the protests have had a negligible effect, but just to make sure, McDonald's Executive Doug Timberlake last...
...rumor start? Most of the burger boycotters cite a Phil Donahue TV talk show on which Kroc appeared in 1977. Yet transcripts of the show prove that there was no discussion of religion or the devil. Says Kroc. "I don't think holy-holy of our competition, but I don't think they'd stoop that low." The devil must have done...
Only the rich can play this game: men like George Steinbrenner, Gene Autry, or Ray Kroc. If they offer Reggie Jackson $400,000 a year for five seasons, they take a costly risk which they gamble will prove fruitful. The competitive price of labor will, most certainly, prove prohibitive for someone like Minnesota Twins owner Calvin Griffith, who has no outside business to provide cash for premium players' salaries. The few teams without significant capital backing may, unfortunately, find it difficult to remain competitive...