Education University of Florida Children Barbara Massey Rogers | Name Jack Massey | |
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Born June 15, 1904 Tennille, Georgia Occupation Businessman
Philanthropist Spouse(s) Elizabeth Polak
Alyne Queener Died February 15, 1990, Palm Beach, Florida, United States Organizations founded Hospital Corporation of America People also search for Thomas F. Frist, Sr., Thomas F. Frist, Jr., Stephen Pagliuca | ||
Welcome to the belmont university jack c massey college of business from dean pat raines
Jack Carroll Massey (June 15, 1904–February 15, 1990) was an American venture capitalist and entrepreneur who owned Kentucky Fried Chicken, co-founded the Hospital Corporation of America, and owned one of the largest franchisees of Wendy's.
Contents
- Welcome to the belmont university jack c massey college of business from dean pat raines
- Jack c massey business center ribbon cutting
- Early life
- Business career
- Philanthropy
- Personal life and death
- Death
- Jack c massey graduate school of business tv spot 2
- References
Jack c massey business center ribbon cutting
Early life
Massey was born in 1904 in Tennille, Georgia. He graduated with a degree in pharmacy from the University of Florida.
Business career
Massey began his business career working as a delivery boy in his uncle's drugstore. He then received a pharmacist's license when he was 19 and bought his first drugstore when he was 25. He built the store into a pharmacy chain, selling it six years later. After that, in 1961, he entered the surgical supply business. He sold that business to the A.S. Aloe division of the Brunswick Corporation for $1 million.
In 1964, Massey acquired Kentucky Fried Chicken from its founder, Harland Sanders, for $2 million. Massey embarked on a rapid expansion program, growing the business to approximately 3,500 franchises and grossing $700 million in annual revenue. Seven years later he sold the company for $239 million.
In 1968, Massey founded Hospital Corporation of America with Thomas F. Frist, Sr. and Thomas F. Frist, Jr.. The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978.
Massey transformed Winners Corporation, one of the largest franchisees of Wendy's hamburger outlets into a major fast-food franchise operation. Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant fast food franchises) on the New York Stock Exchange.
Massey was an initial investor in the Corrections Corporation of America in the 1980s.
Philanthropy
On November 1, 2005, Belmont University honored him and his family who donated $1 Million Gift to endow a Financial Trading Room named in his honor. The Jack C. Massey Graduate School of Business at Belmont University is named in his honor. Additionally, he was the founder of the Baptist Hospital in Nashville.
He was inducted into the Junior Achievement U.S. Business Hall of Fame in 1987. The University of Florida has named the Jack C. Massey Professorship Fund for him.
Personal life and death
His first wife, Elizabeth Polak died in 1969. He later married Alyne Queener. He had a daughter, Barbara Massey Rogers and three grandchildren.
Death
He died on February 15, 1990 in Palm Beach, Florida.