Is a college degree a necessity for success? In 1978, Ray Kroc weighs in

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CBS 8 San Diego

CBS 8 San Diego

2 жыл бұрын

In May 1978 as students all over the county were graduating from college, CBS 8’s Judy Elfenbein delved into whether a college degree was necessary to have a successful career. She interviewed McDonald’s founder and San Diego Padres owner Ray Kroc. He left high school after sophomore year to become a salesman. He said for the masses, there’s no way it could pay off. He said he wouldn’t even ask a prospective employee if the had a degree because he said he was “more interested in aptitude than intelligence. A real estate partner Jo Sauza said if you have a good education, you have a better opportunity for success. San Diego Union Reporter Michael Lopez said there were alternative ways to get an education besides traditional college. He joined the military and learned a trade. He said if had to give advice to 16-year old’s it would be to stay in school--and if they asked him why he didn’t, he would have no answer. An age-old question with no easy answers.

Пікірлер: 141
@loombaron
@loombaron 11 ай бұрын
A degree is a good tool for being successful as an employee , which is what 99 % of the people are. To be an entrepreneur and a businessman is a totally different mindset. Is more relatied to social skills, vision, guts and attitude.
@clintenos
@clintenos 4 ай бұрын
So, intelligence.
@stu2257
@stu2257 4 ай бұрын
and a flexible attitude to the morality of ripping off someone else's company and welching on your agreement to pay them royalties
@agelesskarate
@agelesskarate Ай бұрын
Withoit what he did ​McDonald' wouldnt be what it is. @stu2257
@pentu7738
@pentu7738 16 күн бұрын
and the entrepreneur starts to hire degree people only :D
@loombaron
@loombaron 15 күн бұрын
@@pentu7738 but most collage people dont have businesses of their own.
@samsclub18
@samsclub18 Жыл бұрын
"I never went to a prestigious college or Harvard. However, the people who work for me, did." -Elon Musk
@YumegakaMurakumo
@YumegakaMurakumo Жыл бұрын
Says a lot, doesn't it? I'll bet you if Elon grew up where I grew up in the same timeline, he would've been a C student. 😂
@davidticzon1926
@davidticzon1926 Жыл бұрын
Elon went to University of Pennsylvania and Stanford (didn’t graduate) lol two of the most prestigious
@chainsawteddybear
@chainsawteddybear Жыл бұрын
Elon inherited Tesla.
@ebenezergatsby5848
@ebenezergatsby5848 Жыл бұрын
Yeah, he didn't say that. Or atleast he didn't say it with a straight face.
@PerryCuda
@PerryCuda Жыл бұрын
"Amber Heard will forever be the love of my life." - Elon Musk
@SEliteGuitarist
@SEliteGuitarist Жыл бұрын
A degree just shows on paper you are qualified for what field you want to go in. As long as you have real talent and know what you're doing, some piece of paper can't take that away from you. Real world experience is all that matters in the end.
@aliciae1328
@aliciae1328 Жыл бұрын
And as long as you're not a thief and a corrupted corporate ahole like this Rac Kroock dude.
@milwaukeemotor5995
@milwaukeemotor5995 Жыл бұрын
reading and studying that's how you gain knowledge compared to just being trained to do something without the knowledge behind it
@christopherhoyt7195
@christopherhoyt7195 11 ай бұрын
@@milwaukeemotor5995 and you don't need college to read and study do you?
@christopherhoyt7195
@christopherhoyt7195 11 ай бұрын
Having graduated college in 2019, I can say that a degree doesn't qualify you for anything specific even if it's "STEM," which is the fashionable higher ed marketing buzz word for an empty program filled with lots of "let's not but say we did." Unless your institute of higher learning is entitled to a percentage of your future salary, why would they care about making you qualified in a particular field? They already have your tuition and fess so it's mission complete, unless they can get you to double down on your naivete with a Masters or PhD. How would anyone who went to college straight out of high school and then got a good career really know if college made the difference? They have nothing to compare it to and they're probably just rationalizing the time and money spent pursuing a degree that's basically just a conversation piece for their proud parents.
@malcorub
@malcorub 2 жыл бұрын
College/University isn't for everyone right out of high school, especially with how expensive it is. I graduated HS in 1999 and wanted nothing to do with school after that... I did eventually return to college in 2006 to get me associates still in my 20's. Took a break for several years and then finished my bachelor's degree in my 30's. The gentleman and the woman would likely go to online school if it were readily available to them as it is today for working adults.
@jandro8370
@jandro8370 Жыл бұрын
Times have changed wow. Education went from something that could help boost you in the working world to the first and sometimes only thing people look at. It's like what u did after high-school defines you in this day and age. Such a stupid mentality. One that the private schools want u to think so they can charge you insane tuition. I got a degree and have never used it. $40,000 piece of paper. The best jobs I have had were the result of knowing the right person or being in right place at the right time.
@Candide1776
@Candide1776 10 ай бұрын
"The pay is in the paperwork" is a common refrain for meaningless degrees, but it rings true. More interesting is the fact that college costs have skyrocketed something on the order of 700% on average since this report. There was not one mention of massive school debt. It was really more about necessity. Is it worth the 4 years and extra efforts beyond graduation and that sort of thing.
@youngkinghedwig
@youngkinghedwig Жыл бұрын
Ray Kroc is a freakin GOAT
@aliciae1328
@aliciae1328 Жыл бұрын
He's a croock. They spelled his last name wrong. Ray Croock
@Gray_Vox
@Gray_Vox Жыл бұрын
@@aliciae1328 you mean crook? 💀
@johnholiday4622
@johnholiday4622 Жыл бұрын
He's a fuckin crook that stole an idea He's smart but not that smart
@andymckane7271
@andymckane7271 5 ай бұрын
Semper Fidelis to your Marine newspaper reporter! Although he's no longer on active duty, the skills he learned in the United States Marine Corps, in my opinion, have played a large part in his success outside of the Corps. As a former hospital corpsman, U.S. Navy, I have the greatest respect for the men and women who serve in our beloved Corps. People who graduate from MCRD in San Diego or Paris Island on the East Coast, learn skills not necessarily taught in college. Thank you for this interest video, Andy McKane, formerly of San Diego.
@windansea6702
@windansea6702 4 ай бұрын
Thanks for your service Marine.
@PerryCuda
@PerryCuda Жыл бұрын
"If you're going to put education on the basis. Of a mercenary basis. Then for the masses. For the masses. There's no way it can pay off." If I had answered any of my job interviews like this, I would have wound up working at McDonalds.
@joeswanson733
@joeswanson733 Жыл бұрын
there's 2 sides to mcdonalds working at mcdonalds corporate is not terrible in fact it's like working at any other fortune 500 company working at the mcdonald restaruants is where popel feel it's degrading but we know the store manager makes $100,000 a year.. so we really need dto rexamine everything
@davidortiz6233
@davidortiz6233 2 жыл бұрын
No. My friends went to College now they are unemployed like me. Engineering, Software, Medicine, etc.
@thienpham911
@thienpham911 2 жыл бұрын
interesting, my friends went to college and university just like myself and now all of them have jobs, engineer, physicians, software...etc... which state do you live in?
@RM360CR
@RM360CR 2 жыл бұрын
@@thienpham911 all the people I know with a college degree ended up opening their own businessess that have nothing to do with what they study from restaurants bars clothing stores technology stores even a plumbing business all very successful in my eyes not rich but successful.
@lifeisabadjoke5750
@lifeisabadjoke5750 2 ай бұрын
@@RM360CRhow much money is success
@windansea6702
@windansea6702 4 ай бұрын
I did not graduate with my 1973 class at La Jolla High School. I was very fortunate to become a SD tuna fisherman and I leverage that experience into even greater success in unrelated fields.
@IndustrialIndustriesWorldRadio
@IndustrialIndustriesWorldRadio 9 ай бұрын
Ray Kroc, the king himself
@drstevej2527
@drstevej2527 3 ай бұрын
Not if you can steal someone else’s idea.
@lifeisabadjoke5750
@lifeisabadjoke5750 2 ай бұрын
The American dream
@markcrouch9047
@markcrouch9047 Ай бұрын
Without Kroc, McDonald's would have died in the 60s.
@drstevej2527
@drstevej2527 Ай бұрын
@@markcrouch9047 Wrong! The fact remains that he was not a successful restaurateur. He was successful at leasing property as part of the franchise agreement. He didn’t create the company, he was not successful at selling the franchise. He finally managed to come up with a way to make money on this concept and it had nothing to do with the food.
@mikemancini313
@mikemancini313 3 сағат бұрын
​@@drstevej2527Well, he did have the balls to ask the brothers and open all the restaurants. He was the CEO from 1961 to 1974. The company went from having restaurants located in two states in the US to having restaurants in all 50 states and five foreign countries by the 1970s.
@Hayven1992
@Hayven1992 Ай бұрын
School is like a gym, where you can find just about every type of equipment/tool to work almost all of your muscles... but you dont necessarily need a gym to have a nice, well build body, you can also go and hang your self from a pipe and do pull ups, run at the park, eat well and get a well build body without the gym.... its the same concept, just different circumstances
@bonsummers2657
@bonsummers2657 Жыл бұрын
Judy is a Beauty!
@hotwax9376
@hotwax9376 3 ай бұрын
In some ways, this video is more relevant than ever, given how much of a push there is toward jobs that don't require a college degree in the wake of the rising student loan debt crisis. While we're at it, high schools need to stop pushing college so heavily as the only path to success. Some people might say that Ray Kroc's advice is worthless today because he came from a different time, but with both college and jobs requiring a college education being out of the market for most of us now, perhaps somebody should try to find other ways to achieve their dreams.
@RM360CR
@RM360CR 2 жыл бұрын
its funny how the title says "success" but once your read the info it says "succesful career" why does everything today has to be twisted into some narrative by the way you word things, why? first what is success because if you have a healthy happy united familly unit college is irrelevant because in the end only familly matters unless you want a SUCCESSFUL CAREER...
@iamyoursunny
@iamyoursunny Жыл бұрын
Education is most essential to learn basic knowledge. But having a college degree is optional, depending on the field that you want to work in. If you work as a waiter at a restaurant, you don't need to go to college, but if you want to work as a computer scientist, you might want to learn more through college. Or you can teach yourself. A degree is an option, but it could be your competitive advantage compared to not-having people. And getting advanced knowledge is always beneficial to you regardless of the degree issue.
@mr.b4686
@mr.b4686 Жыл бұрын
I was almost going to agree with you until the last part - if you can't apply any of the knowledge you learned, what's the point?
@iamyoursunny
@iamyoursunny Жыл бұрын
@@mr.b4686 Hmm good question. For the basic knowledge such an arithmetic, alphabets, and so on, we might be learned and taught, which can consider Common core standards. I believe obtaining knowledge from education, learning something, must be helpful even if we can't apply them at the moment. I graduated in Economics. I don't work related to economy. I don't need to apply my knowledge at work and home. But I know what 'invisible hand' is when I see the term. This is knowledge. Knowledge is power to understand. Or at least, if I know something, I can teach about it. this is a simple question. If we know what 'Gravity' is, we can tell little kids what Gravity is when seeing fallen apples. But the truth is we can't show the power everytime and everywhere. Degree is sort of a 'visible' thing. To be a data scientist, we can take an online course(not necessary to go to college, tho) We might get a certificate from that. Society has tons of people. We don't know who has talents, good abilities. So far, having a degree and certificate might a tool to show what I did. All the job might have different requirements. Having a degree is not necessary but it will be a mean to show them my status, my efforts, maybe my passion. I guess that's why people go to get a degree. Going to college also gives us another society. People eventually keep being involved in different society from elementary to college or work and growing up.
@s.k.6616
@s.k.6616 Жыл бұрын
Why not get a degree AND be success hungry.
@malinwj1167
@malinwj1167 8 ай бұрын
Don't care for the term "self starter" but suppose if someone is that, they don't need a degree. However, the amount of people that are like that, is small. And there are those who say "common sense" is all one needs - yet if we delve further, we can see that person doesn't have any common sense at all. A degree can mean many things - skills, self-confidence, putting oneself on a track toward *something* (lots of people don't know what they want to do for a career), learning to work with others, etc. Not everyone has an organic outlook and work ethic; sometimes it helps to have people teach you things at a school. And joining the Armed Forces is also a good idea - 'free' education
@tmcge3325
@tmcge3325 10 ай бұрын
I did not get my degree until after I earned my first million dollars....College degree at 38, I retired at 50. Did I need the degree? Nope! Did I want the degree? Yes! Why? Self worth maybe? Knowing I was able to stick it out and get the degree....If Uncle Sam had not paid for the degree, no way would I had spent the money...NOT WORTH IT! I've been retired for 7 years and I do and live as I please....the degree had zero to do with it.
@fflanigan
@fflanigan 3 ай бұрын
What is the definition of success? If Ray Kroc is an example of a success, I don't want care about it.
@milwaukeemotor5995
@milwaukeemotor5995 Жыл бұрын
the answer is yes, it's about self development and developing the mind
@milwaukeemotor5995
@milwaukeemotor5995 Жыл бұрын
through studying, reading, tests, etc., you have to gain knowledge there is a difference between people who went to school and people who didn't the difference is noticeable in their work ethic and thinking
@ghostxcx
@ghostxcx Жыл бұрын
his eyes are not even straight, he ruined mconalds.... two brothers who wanted to serve quality food....
@mikemancini313
@mikemancini313 3 сағат бұрын
Ruined it? And they have how many restaurants now?
@foxmulderize
@foxmulderize 3 ай бұрын
It's about education.
@jessejames9149
@jessejames9149 5 ай бұрын
In my opinion school is important now more than ever! Just learning the fundamentals and basics. I work for EDD and let me tell you. People lack communication skills and are socially awkward. I suggest they take a communications class at a community college. Some people don't even know how to use Microsoft Office which is a necessity in most professional jobs today because we all use computers. Again, a community college offers those courses!
@malcolmbaez1798
@malcolmbaez1798 16 күн бұрын
So you need college to learn Microsoft office, and "community college communication classes" will fix a speaking imperative? Or perhaps some effective youtube tutorials for MO, and Dale Carnegie among others for communication? Isn't that college anyway, regurgitated with unqualified apathetic instructors? especially if your entertaining the option of Ivy League schools.
@arsenalroo
@arsenalroo 3 ай бұрын
College degree is all about critical thinking and some students really need to be taught that.
@rudistorm3348
@rudistorm3348 3 ай бұрын
Definitely not a necessity, but you give yourself a lot more opportunity and statistics show college grads make more than non. 1978 was a much different time.
@dregen8662
@dregen8662 Жыл бұрын
degrees proof that you are intelligent enough for studying and passing exams, but the thing is that you can be intelligent without passing exams, the system won´t like this concept but is true.
@DonCarlosHormozi
@DonCarlosHormozi 5 ай бұрын
To choose a sample of wealthy people who didn’t go to school as representing the mean is inaccurate. There are many nameless individuals in your community who went to school and are doing very well and are prosperous, because of the route to education to the professions they chose: accounting… Law…Medicine… Engineering. People think it’s kind of macho to say that school is worthless. It’s not. Yes it can use some reforming, but it’s not worthless.
@sukottoshinobe7360
@sukottoshinobe7360 8 ай бұрын
I can’t help but feel Dude with the mustache is Brian from family guy if he was a person.
@rscott2187
@rscott2187 3 ай бұрын
Ole Mike the reporter would have done well to have taken a year of typing in High School!
@mikebrophy
@mikebrophy Жыл бұрын
With that typing speed, he's probably cranked out 2 articles in his whole career.
@Nigelfarij
@Nigelfarij 10 ай бұрын
No backspace key then.
@Etendard1708
@Etendard1708 2 ай бұрын
Typewriting is difficult. No backspace, no easy formatting, no save as..
@rastime9717
@rastime9717 7 ай бұрын
Well, it is more or less good that this video promotes not owing a degree, and that it doesn't really promote not going to school. Stay in school? Right, but what about all the effort end experiences kids go through school. In the last part of the video, i assume you mean that not owing a degree means, it is not always late to get it.
@piper888
@piper888 11 ай бұрын
Rays' suit is very Illuminati. The checkerboard there it is again🏁
@stickshaker101
@stickshaker101 3 ай бұрын
I've done quite well as an electrician without having so much as a GED.
@Wolfgame30
@Wolfgame30 3 ай бұрын
reality is that a College degree will still earn you more money than the person without.. Thats just statistics. Does it guarantee success? Hells no... does it mean that High School degree can out-earn someone with college? absolutely.. but the odds are not in their favor
@Trendleader863
@Trendleader863 6 ай бұрын
What happened to his finger?
@thefryingpan951
@thefryingpan951 4 ай бұрын
People been saying this for years? Guess what? You still can find a job over $100k a year if you have a degree quicker than you do without one
@realazduffman
@realazduffman 4 ай бұрын
Ray Kroc "achieved some measure of success?"
@errolllewis9062
@errolllewis9062 4 ай бұрын
Its true now because without a college educationyou wont be anything even with a high school diploma would love to see these people graduating in 2010😅
@YumegakaMurakumo
@YumegakaMurakumo Жыл бұрын
I'm tired of seeing people bashing Kroc and feeling sorry for the McDonald's brothers. 🙄 If it wasn't for Kroc, McDonald's would've gone belly up somewhere in the 70s. I don't think they'd have lasted well into the 80s. No denying their business model was absolute crap. They would of not lasted long. McDonald's brothers weren't all that innocent. Their limitations imposed on Kroc was unfair. How frustrating trying to branch a franchise out only to keep on being stopped because your idiotic partners are afraid of taking risks. Harry Sonnebohrn is a goddamn genius. Everything is immaterial when it comes to land. Own land. Land is where it's at. Own real estate. Let this be a lesson to all us aspiring entrepreneurs and business owners. If your idea is worth something, but you're afraid of working hard and taking risks, someone who isn't afraid of working hard and taking risks is going to come along and claim your idea as their own and get wealthy of off YOUR IDEA. It's happened many many times and it will continue to happen time and again. Why? well, because this cruel reality is called, "survival of the fittest." Eat or be eaten. Don't hate the crocodile who lay in wait to kill and eat the zebra in the water. Hate the zebra for being stupid enough to wade in the water where the croc is. Ray KROC that is. 🤣
@FireStormBaller
@FireStormBaller Жыл бұрын
Ray Kroc is a crook! A kroc! Those poor McDonald brothers. Man. *Takes a bite of my big mac*
@youngkinghedwig
@youngkinghedwig Жыл бұрын
Kroc is the goat. All the McDonald brothers did was being born with their last name. Sure they created the establishment, pioneered their speedy system, had the idea to use paper wrapping instead of flatware, but Ray Kroc is by far and away the genius and revolutionary behind McDonald’s as we know it, today. The guy (should be entirely credited) globalized fast food. He’s a pioneer and visionary just the same as a Henry ford or an Andrew Carnegie. Every drive thru or simply any fast food establishment owes its success and even inception or ability to survive is dependent on and should be thankful to Mr. Kroc. He is the poster boy for the American dream. He’s “if at first you don’t succeed” in living form. He didn’t do anything illegal, or even unethical, in my opinion. The McDonald’s brothers, being the yokels that they were, simply didn’t possess the drive, nor the businesses acumen to reach the heights they reached because of Mr. Kroc. The family of the brothers should be (and I’m sure still are) eternally grateful for having met Mr. Kroc, because he has set their family up for so many generations. I feel honored that I live in Lincolnwood, which is about twenty minutes away from Des Plaines, where the iconic #1 McDonald’s was born.
@youngkinghedwig
@youngkinghedwig Жыл бұрын
@@FireStormBaller lol, “poor” isn’t the word I’d use. Their families will continue getting royalties forever. They’d never be what they are today without Kroc , or someone luminary or visionary like him. They should thank their lucky stars that he ever sold those milkshake mixers to them. Generations of the McDonald family should all bless the name of their patron saint Raymond.
@FireStormBaller
@FireStormBaller Жыл бұрын
@@youngkinghedwig /r whoosh
@assassin7250
@assassin7250 Жыл бұрын
@@youngkinghedwig but at the end of the film it stated that the brothers never got their royalties
@francescomorales7812
@francescomorales7812 3 ай бұрын
Based.
@reinarforeman6518
@reinarforeman6518 Жыл бұрын
Lack of empathy and concience is the most valuable tool in this system we live in, not education.... just ask Elon 💋
@samuelplacensia9979
@samuelplacensia9979 Жыл бұрын
Shut up you baby.
@milwaukeemotor5995
@milwaukeemotor5995 Жыл бұрын
rich and famouse doesn't equal success nor intelligence
@BigBiz9
@BigBiz9 Жыл бұрын
I’m not sure if he’s is the greatest person to get advice from
@Turkiye958
@Turkiye958 Жыл бұрын
Nobody needs school to be successful.
@vangyeoghsal3908
@vangyeoghsal3908 2 ай бұрын
Diploma o diskarte?
@dps6198
@dps6198 Ай бұрын
A College degree is not a guarantee of success then again neither is a mere high school diploma or GED. However, college will provide a foundation for that success which depends entirely on your desire to succeed. Bill Gates, Michael Dell and Mark Zuckerberg never finished college however we cannot compare ourselves with a minority of billionaire business men. Warren Buffett graduated college and as a graduate business degree. Roll the dice for your own future educational needs but don't compare yourselves with billionaire business men. I would guess the majority of highly successful billionaire business men and women have a college degree and possibly an advance degree but many of them also make their own luck.
@Boss-sb9ih
@Boss-sb9ih 5 ай бұрын
If you could snap people’s ideas and steal their dreams and make millions and not pay what you promised you absolutely don’t need no degree !
@iamgermane
@iamgermane 5 ай бұрын
Engineers need 4-year degrees.
@wordsoffire2416
@wordsoffire2416 3 ай бұрын
My brother never graduated high school. Never went to college. And is now making 500k a year in real estate. I sell cars. Never went to college. Making 90k and climbing. College is a joke.
@milwaukeemotor5995
@milwaukeemotor5995 Жыл бұрын
the mcdonald brothers were badly advised, they should have agreed to a better deal for allowing ray to use their name for the franchises and to incorporate, why didn't the mcdonalds brothers incorporate, thereby preventing ray croc to do so
@joeswanson733
@joeswanson733 Жыл бұрын
well this is just my guess. the mcdonald brothers had an attorney with them when they negotiated the deal with ray and if it were me... i would've had more than 1 attorney or get a better attorney. even back in 1961 if you were doign business on a handshake deal such as hte brothers when they agreed to a royalty deal on handshake ... you were really asking for problems. business contracts are nothing new then if anything having contracts was the best way to protect both sides. if anything the mcdonald brothers had a franchisee contract they issued to new franchisee prospects so the contract shouldn't be a alien concept to them. i know in the end the mcdonald brothers agreed to teh sale to ray for $ 3million cash. any royalty deal that came afterward was not their primary concern. but back to the main point my guess is they probably had the business mcdonalds under a llc. they probably did trademark the name. probably under mcdonalds hamburgers. or originally mcdonalds barbecue.
@terraholdingco
@terraholdingco 11 ай бұрын
@@joeswanson733 FYI: LLC's were not around until the first one created and accepted by Wyoming in 1977. It was 11 years after that that the IRS adopted, through the Delaware LLC act, the allowance for LLC's on a Federal basis. Its likely they worked as a conventional C-corp. And, royalties were not a part of the transaction to buy the McDonalds name by Ray Kroc to the McDonalds brothers. You are absolutely correct, they received very poor advice by not entering into any deal in written terms. It's exactly the same as doing such a thing today from a legal perspective.
@iamgermane
@iamgermane 5 ай бұрын
You can get an education in the military. Paid training and experience but environment sucks and you might get killed.
@uuxxuu5002
@uuxxuu5002 3 ай бұрын
You just have to steal a system and own it. That is what Ray Kroc did.
@jayhurley8370
@jayhurley8370 3 ай бұрын
This guy is a crook.
@jdb7945
@jdb7945 Жыл бұрын
He was a ruthless businessman….. evil beyond words. He had the last laugh 🖕🖕🖕
@jimmyconway294
@jimmyconway294 3 ай бұрын
Ray Kroc was a drunk, and he appears drunk in this interview.
@masterchiefy830
@masterchiefy830 3 ай бұрын
lets be real here ... dearly departed Kroc was a crook.....
@pacificrules
@pacificrules Жыл бұрын
The actual THIEF who stole McDonalds speaks about hiring with a degree.... HE'S A THIEF . 😡😡😡😡😡😡😡😡😡😡😡😡
@6411892
@6411892 Жыл бұрын
No he’s not
@samuelplacensia9979
@samuelplacensia9979 Жыл бұрын
No he’s not. The McDonald’s brothers agreed to sell it to him.
@aliciae1328
@aliciae1328 Жыл бұрын
​@@samuelplacensia9979 It's not like they had a choice at that point.
@Minerva578
@Minerva578 6 ай бұрын
The thing is you learn something from movie, that's wrong in the first place.
@waynebrady7163
@waynebrady7163 2 ай бұрын
Kroc also ripped off a lot of capable people who trusted him and didn't care. Yes he's a success story, but arguably a huge sociopath. If nice guys finish last, he's the winner.
@lifeisabadjoke5750
@lifeisabadjoke5750 2 ай бұрын
Isn’t that how everyone gets rich in America
@edpotts7577
@edpotts7577 Ай бұрын
I don't know if you have seen this podcast episode, but it was fun to do it. Lots of West Lafayette history. It is the first time that I have discussed these stories publicly, as I always felt it would be a distraction to my business. No such worries in retirement. Ed Potts kzfaq.info/get/bejne/oZOnddpk1qiwias.html&feature=shared
@jordancheung7862
@jordancheung7862 Жыл бұрын
Ray Kroc stolen the ideas from the McDonald’s Brothers and got very greedy
@larrylittlewolfe8584
@larrylittlewolfe8584 Жыл бұрын
Kroc is a crook for buying out the McDonalds brothers
@youngkinghedwig
@youngkinghedwig Жыл бұрын
You’re out to lunch. He could’ve actually stolen it given them zero. Without Raymond Kroc, they’d be a mildly successful small business. Because they were blessed , Kroc n made them into a household name. Ten generations from now, they’ll still be earning royalties because of what Kroc created solely off their name. If not for Kroc , who knows if we’d ever know the goodness of a 6piece McNuggets or their G-D tier French fries. The brothers, mainly Dick, were far too conservative in their approach to business. I do admire their dedication to quality control, *however*, the main objective of any business is to turn as much profit as possible. McDonald’s is the embodiment of the American dream- I greatly admire mr. Kroc and his persistence. “There are countless men who are wildly talented but unsuccessful.” I’m also reminded of another awesome quote : “hard work beats talent when talent doesn’t works hard.” I wish you a life of unbridled success.
@larrylittlewolfe8584
@larrylittlewolfe8584 Жыл бұрын
@@youngkinghedwig um ok
@geneseofootball1915
@geneseofootball1915 Жыл бұрын
Kroc outsmarted them with ease. The brothers were not prepared.
@PCISFEAR
@PCISFEAR Жыл бұрын
@@youngkinghedwig They never received royalties. There was a handshake agreement, but Ray Kroc never gave them a penny.
@mikemancini313
@mikemancini313 3 сағат бұрын
​@@PCISFEARUh no. Ray Kroc bought the company and each brother was given $1,000,000 after tax which is equivalent to around $11,000,000 today. The agreement was $2,700,000 in 1961. The brothers apparently did not have regrets. One of them even was honored with the billionth Big Mac sandwich in New York City in the 1980s. They turned out just fine and the original location is now a museum. Not to mention all the money they made during the operation. They turned out just fine. Along with Kroc who was living the American dream on Beverly Hills. Mac retired to Palm Springs and Richard retired back to his home town in New Hampshire.
@christopherkirby2661
@christopherkirby2661 6 ай бұрын
Funny how reporters back then were better than anything we have today
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