On another occasion, Larry convinced Moe to finance a fast-food restaurant in Glendale called Mi Patio. Larry's two friends, who conceived the idea, planned to sell Stoogeburgers, which would be served in little plastic baskets with the Stooges' faces printed on the sides. After several months of so-so business the partners skipped town with everything they could get their hands on, including the burgers. As a result, Moe and Larry were left holding the bag.Sounds a little like it could be a plot for one of their movies.
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However, he can not take most of the credit, as McDonald's was not doing too great entirely under his command.
It was Harry Sonneborn's financial genius that really kickstarted McDonald's and turned it into the powerhouse it is today. While McDonald's was barely turning a profit under Kroc, Sonneborn had it raking in the $$$ in no time. Without Sonneborn, McDonald's would have died early, especially since one of their competitors (the name evades me) was bigger than them at the time.
Sonneborn realised that the way to riches was by real estate and leasing.. not just selling burgers. Interestingly, Sonneborn is not referenced in the corporate history page you link above. This may be because Sonneborn and Kroc had a falling out later on ;-) Either way.. Kroc was not the business wizard many made him out to be.
(Yes, I've read a few books about McDonald's corporate history. I'm lame.)
posted by wackybrit at 12:43 PM on October 5, 2002