Monday, June 19, 2017

The Founder - an update to Ray Kroc


                                 
Ray Kroc, Founder of  McDonald’s System, Inc., a predecessor of the McDonald’s Corporation

Dick and Mac McDonald - original "Founders" of McDonalds in San Bernadino, CA

Michael Keaton as Ray Kroc in the movie, Founder (2017)

President Calvin Coolidge

The movie about the McDonald brothers, Dick and Mac, and their history with Ray Kroc has been on my must see list and, thanks to Netflix, I finally did see it.   With regard to innovation, the McDonalds brothers and Kroc are all inspiring in their own ways.

However ... Kroc wasn't quite as innocent and family oriented as Ronald McDonald (originally played by Willard Scott) might lead us to believe.   In fact, my last post was about confirmation bias and a related concern would be for people with an anti-business perspective to watch this movie, experience confirmation bias and conclude, "yes, those business people, or entrepreneurs, are all unethical and only care about money."  Even if Kroc's third wife, Joan, later gave most of their fortune to charity, how they came into the fortune isn't a story of altruism.

Maybe I should have read the book (or A book!) instead of waiting for the movie to update my understanding of Ray Kroc and also let me know that the quote (below) I have always attributed to Kroc actually belonged to Calvin Coolidge.  Oops.

Love this quote ... while Kroc had a picture of it in his office, it was not his quote but a quote by Calvin Coolidge - 30th President of the United States.

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Nothing in this world can take the place of persistence.

Talent will not; nothing is more common that unsuccessful people with talent.

Genius will not; unrewarded genius is almost a proverb.

Education will not; the world is full of educated derelicts.

Persistence and determination alone are omnipotent.