You missed another perspective. The lawyer himself. He gave Croc an insanely valuable idea. Croc could have just taken it and walked, but instead made this lawyer a close part of his team and also made him a rich man. The message being if you want to get rich yourself, align with the right people and provide value up front.
@@GorillaGrodd420 Honestly, considering how they'd behaved, he told them what he needed to to unlock them. They had ample opportunities to be his partner and chose instead to resent him. He bought them out and they'll never be poor. What they were asking for was never going to be possible. But you say what you have to when dealing with impossible people. Yes, that makes him dishonest. But you could argue, they forced his hand.
Yep. This scene always stuck with me when the realization hits him. His reaction when he's told he doesn't seem to know what business he's in is probably how we'd all react. There have been a number of great films about business. Other People's Money also had some lessons.
You could add value to these movie clips by explaining why they were so important to the story, and how the decisions affected the plot downstream. For example, you could point out that the reason they could "take over the company" is because Kroc started his own corporation - also named McDonald's - which bought up the plots of land, then signed leases with himself to cede total control over how the new franchises operated. Eventually he bought up the land on which existing plots ran, with the exception (I believe) of the first franchise. Eventually he got rich while the brothers still only got a small % of each franchise profit, which gave him leverage in the mens room to make them an offer they couldn't refuse ... and then he failed to live up to his end.
One should read Henry George of the mid 1800s and his concept of land being the only wealth foundation. He describes how savvy businessmen use land to control the means of production and then governments heavily tax the improvements instead of the land. He proposed that the community should own the land together in the Public Trust and all parcels should be leased to indivituals and partnerships hor homes, farms, shops, mines and factories. These improvements belong to individuals, but the land remains a community trust, leased for 99 years renewable and teansferrable with approval of the community trust board of directors. No income tax, no sales tax, no housing or building tax, no inventory tax. Land is the basis of all wealth and belongs to the Earth itself...not you. You pay to use it and that funds the infrastructure to maintain the community of parcels: roads, utilities, police, fire, hospitals, etc....
Perhaps this will concept will come back as smart contracts prove themselves out through business and can be shifted into a public setting like the one you describe. Smart contracts would allow this to flourish without the middlemen politicians and lobbyists getting involved.... keep their grubby hands out of the cookie jar;)
Lex Luthor: Miss Teschmacher, when I was six years old my father said to me... Miss Teschmacher: "Get out." Lex Luthor: Ha ha. Before that. He said, "Son, stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they'll pay through the nose to get it! Remember," my father said... Otis: "... land." Lex Luthor: Right.
Despite how the have nots want to frame this, it was not a snake idea. McD was a simplified restaurant. A 1940s drive in stripped of all the money losing items (car hops, waitresses, table service, extra items, linear food prep kitchens) The 1st franchise idea of the brothers blew up in their faces. This one was starting to drift too with franchisees doing their own thing, buying rogue equipment, changing the branded decor, and was not consistently keeping pace with competitor burger stands. All the franchisees would eventually go belly up or just become their own drive-in competing against the original idea. The franchisees needed to build on land anyway, and often rented it. The central land business gave him control and consistency of brand and store placement. Avoiding having one McD competing against another across the street, and having vast areas unserved. However these two could have included the brothers in the plan, instead of using it for themselves.....BUT Ray had to buy into their 30 second hamburger production idea, and then worked his butt off to extend it into middle America, instead of being one popular stand in San Bern. This was THEIR new idea and they had no obligation to share it.
If you want to soar with the eagles don’t hang out with turkeys . Eagles don’t take flying lessons from chickens. You are or become the average of the five people that you hang around. If you want to play a better game of chess then play against people who beat you!
I think the most important part was Kroc convincing the brothers to hire him to franchise their concept. That was an incredible sales job. Getting involved in the real estate the stores stood on was perhaps the 2nd most important thing.
He was around 52 year old at this and was just a mediocre milkshake machine salesman. Probably had other failed projects and visions before. But the lawyer changed his game and life.
So true. You can have a nice sit down meal at Red Robin for the same price. California governor increasing the min wage for fast food workers to $20 per hour... may as well shut McD's down. Supposed to be a high school kid's job, not a job to support a family on. And lets face it, $20 per hour isn't going to cut it in California anyway. Government just needs to go away, reduce its locust mentality and we can make McDonalds great again, haha!
Stupid comment!!! Nothing to do with Biden … blame newsom if u want .. but McDonald’s is garbage has been garbage for a long time so the less we eat the better
Thank you @Money-Act 🤓 Wonderful movie and storytelling 💚 I Respectfully Disagree Real Estate = Speculation + Lawyers + Magic Dirt Advice: "The man with the hammer only sees Nails" People who like the real estate business suggest it as a remedy. I do the same with engineering. 2nd Advice: "Do not confuse the Problem as a Lack of your Favorite solution" Ray could have solved his problems other ways we aren't considering. Don't screw over others, build the best team you can recruit to solve problems and resolve conflict. Thanks for sharing this clip and commentary @Money-Act :-) Great movie and a story worth telling 🤓
so what you're saying is, you listened to this guy talk about what you call nonsense for 6 minutes, and only after did you spend that time, you decided it wasn't what you came here for? You aren't the type of person to benefit from this type of video.
Manipulative chameleon that he was, you can't help but admire Kroc's cunning. The brothers were ripe for the picking, and he left them in the gutter with their precious principles. Integrity never made a man rich.
![[TH] VCT Pacific Stage 2 - Playoffs Day 2 // PRX vs GEN | DRX vs TLN](http://i.ytimg.com/vi/gmrSk-_ahlA/mqdefault.jpg)
You missed another perspective. The lawyer himself. He gave Croc an insanely valuable idea. Croc could have just taken it and walked, but instead made this lawyer a close part of his team and also made him a rich man. The message being if you want to get rich yourself, align with the right people and provide value up front.
Very good point!
But he also screwed over the McDonald's brothers. He promised them 1% and then reniged
@@GorillaGrodd420 Honestly, considering how they'd behaved, he told them what he needed to to unlock them. They had ample opportunities to be his partner and chose instead to resent him. He bought them out and they'll never be poor. What they were asking for was never going to be possible. But you say what you have to when dealing with impossible people. Yes, that makes him dishonest. But you could argue, they forced his hand.
@@willharris5005 Perhaps. Maybe I missed something. Did he really promise them a small percentage as part of the buy out?
The most important scene is when Ray tells the McDonald brothers why he didnt just steal the idea. Ray tells them it was the name.
yea, no one would eat at Kroc's lol
"If you think small, you will get small." Henry Ford
Stay small and keep it all.
I'm pretty sure the lawyer is a composite of multiple people who advised Ray Kroc on this idea.
Yep. This scene always stuck with me when the realization hits him. His reaction when he's told he doesn't seem to know what business he's in is probably how we'd all react. There have been a number of great films about business. Other People's Money also had some lessons.
Some great scenes in OPM
Love it! There are sooooo many scenes you could review and pull money lessons from. Let the games begin!
Thanks Cole! Yes, there are a lot of nuggets of gold in cinematic history. I could almost make this a daily post…hmm:)
You could add value to these movie clips by explaining why they were so important to the story, and how the decisions affected the plot downstream. For example, you could point out that the reason they could "take over the company" is because Kroc started his own corporation - also named McDonald's - which bought up the plots of land, then signed leases with himself to cede total control over how the new franchises operated. Eventually he bought up the land on which existing plots ran, with the exception (I believe) of the first franchise. Eventually he got rich while the brothers still only got a small % of each franchise profit, which gave him leverage in the mens room to make them an offer they couldn't refuse ... and then he failed to live up to his end.
One should read Henry George of the mid 1800s and his concept of land being the only wealth foundation. He describes how savvy businessmen use land to control the means of production and then governments heavily tax the improvements instead of the land.
He proposed that the community should own the land together in the Public Trust and all parcels should be leased to indivituals and partnerships hor homes, farms, shops, mines and factories.
These improvements belong to individuals, but the land remains a community trust, leased for 99 years renewable and teansferrable with approval of the community trust board of directors.
No income tax, no sales tax, no housing or building tax, no inventory tax. Land is the basis of all wealth and belongs to the Earth itself...not you. You pay to use it and that funds the infrastructure to maintain the community of parcels: roads, utilities, police, fire, hospitals, etc....
Perhaps this will concept will come back as smart contracts prove themselves out through business and can be shifted into a public setting like the one you describe. Smart contracts would allow this to flourish without the middlemen politicians and lobbyists getting involved.... keep their grubby hands out of the cookie jar;)
This is exactly what the Chinese Communists do.
We are all getting an education by watching all of your different approaches to school us about money.
Can’t wait to see what’s next!
Lex Luthor: Miss Teschmacher, when I was six years old my father said to me...
Miss Teschmacher: "Get out."
Lex Luthor: Ha ha. Before that. He said, "Son, stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they'll pay through the nose to get it! Remember," my father said...
Otis: "... land."
Lex Luthor: Right.
You've given me my next video:). Thanks!
they portray the lawyer being a lawyer which is the biggest snake in the snake pit.
😂
Despite how the have nots want to frame this, it was not a snake idea.
McD was a simplified restaurant. A 1940s drive in stripped of all the money losing items (car hops, waitresses, table service, extra items, linear food prep kitchens)
The 1st franchise idea of the brothers blew up in their faces.
This one was starting to drift too with franchisees doing their own thing, buying rogue equipment, changing the branded decor, and was not consistently keeping pace with competitor burger stands.
All the franchisees would eventually go belly up or just become their own drive-in competing against the original idea.
The franchisees needed to build on land anyway, and often rented it.
The central land business gave him control and consistency of brand and store placement. Avoiding having one McD competing against another across the street, and having vast areas unserved.
However these two could have included the brothers in the plan, instead of using it for themselves.....BUT
Ray had to buy into their 30 second hamburger production idea, and then worked his butt off to extend it into middle America, instead of being one popular stand in San Bern.
This was THEIR new idea and they had no obligation to share it.
If you want to soar with the eagles don’t hang out with turkeys . Eagles don’t take flying lessons from chickens. You are or become the average of the five people that you hang around. If you want to play a better game of chess then play against people who beat you!
as soon as you said that Ray Croc was the founder of McDonalds I had to say BS. He was not. If your going to post get your frinking facts straight!
Really great. I'd like to see more of these!
Thanks Lisa! I'll start coming up with a list of more movies that have nuggets of gold like this.
Over half of the McDonald's in my state are franchisee-owned. That's saying something about the American dream. Ain't CAPITALISM great!
Thanks for showing how to make money for your business and MacDonalds Empire
I think the most important part was Kroc convincing the brothers to hire him to franchise their concept. That was an incredible sales job.
Getting involved in the real estate the stores stood on was perhaps the 2nd most important thing.
He was around 52 year old at this and was just a mediocre milkshake machine salesman. Probably had other failed projects and visions before. But the lawyer changed his game and life.
Fantastic....
ANOTHER great way to communicate how Money-Act can work for us all!
Facts
I remember when McDonald's was reasonable. Then Biden took over as president.......................................
So true. You can have a nice sit down meal at Red Robin for the same price. California governor increasing the min wage for fast food workers to $20 per hour... may as well shut McD's down. Supposed to be a high school kid's job, not a job to support a family on. And lets face it, $20 per hour isn't going to cut it in California anyway. Government just needs to go away, reduce its locust mentality and we can make McDonalds great again, haha!
Stupid comment!!! Nothing to do with Biden … blame newsom if u want .. but McDonald’s is garbage has been garbage for a long time so the less we eat the better
The clip is better without your crap.
Thank you @Money-Act 🤓
Wonderful movie and storytelling 💚
I Respectfully Disagree
Real Estate = Speculation + Lawyers + Magic Dirt
Advice: "The man with the hammer only sees Nails"
People who like the real estate business suggest it as a remedy. I do the same with engineering.
2nd Advice: "Do not confuse the Problem as a Lack of your Favorite solution"
Ray could have solved his problems other ways we aren't considering.
Don't screw over others, build the best team you can recruit to solve problems and resolve conflict.
Thanks for sharing this clip and commentary @Money-Act :-)
Great movie and a story worth telling 🤓
I came in here for the most important scene of the movie the founder not to hear this guy talk nonsense for six minutes straight
Hey! My first troll! Thanks for sharing
so what you're saying is, you listened to this guy talk about what you call nonsense for 6 minutes, and only after did you spend that time, you decided it wasn't what you came here for? You aren't the type of person to benefit from this type of video.
I don't know if I would call it nonsense but I was looking for a far more in depth analysis of this scene.
Manipulative chameleon that he was, you can't help but admire Kroc's cunning. The brothers were ripe for the picking, and he left them in the gutter with their precious principles. Integrity never made a man rich.
Hey buddy u talk to much