Word: kroc
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...Kroc reportedly paid $12 million for the San Diego franchise. He was not present at yesterday's meeting, but his attorneys represented...
...Kroc is the 71-year-old chairman of the board of the MacDonald's hamburger chain...
...National League club owners unanimously agreed yesterday to sell the San Diego Padres to hamburger tycoon Ray A. Kroc, apparently ending months of controversy over the club's ownership...
...throwing in the towel," protested Raymond Kroc, 71, the franchise mastermind who created the McDonald's hamburger empire. "But Fred," he added, "is like a son who grows up and is ready to take over." His reference was to Frederick Turner, 40, who last week was named chief executive of McDonald's, succeeding Kroc, who remains chairman...
Turner, a sandy-haired lowan, started out in 1956 as a short-order cook, frying burgers at Ray Kroc's first McDonald's restaurant outside Chicago. Kroc then tapped him to keep an eye on new restaurants; he rose so rapidly that he never had time to claim the McDonald's franchise Kroc had promised him. As president since 1968, Turner has been in charge of day-to-day operations. Now he will take over some of Kroc's policy-planning role...