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词条 Jack C. Massey
释义

  1. Early life

  2. Business career

  3. Philanthropy

  4. Personal life and death

  5. Bibliography

  6. References

{{Infobox person
| name =Jack C. Massey
| image =
| image_size =
| caption =
| birth_name = Jack Carroll Massey
| birth_date = June 15, 1905
| birth_place = Tennille, Georgia
| death_date = {{death date and given age|1990|2|15|85}}
| death_place = Palm Beach, Florida
| death_cause =
| resting_place =
| resting_place_coordinates =
| residence =
| nationality = American
| other_names =
| known_for =
| education = University of Florida
| occupation = Venture capitalist, entrepreneur
| spouse = Elizabeth Polak
Alyne Queener
| children = Barbara Massey Rogers
| parents =
| relatives =
}}

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.[1][2] He was the first American businessman to take three different companies public.

Early life

Massey was born in 1904 in Tennille, Georgia.[1] He graduated with a degree in pharmacy from the University of Florida.[3]

Business career

Massey began his business career working as a delivery boy in his uncle's drugstore.[1][3] He then received a pharmacist's license when he was 19 and bought his first drugstore when he was 25.[1][4] He built the store into a pharmacy chain, selling it six years later.[1][4] He founded Massey Surgical Supply in 1930.[5] He sold it to the A.S. Aloe division of the Brunswick Corporation for $1 million.[1][4]

Massey acquired Kentucky Fried Chicken from its founder, Harland Sanders, for $2 million in 1964.[1][2][4] With John Y. Brown Jr., Massey embarked on a rapid expansion program, growing the business to approximately 3,500 franchises and grossing $700 million in annual revenue.[1] Seven years later he sold the company to Heublein for $239 million.[5]

In 1968, Massey co-founded Hospital Corporation of America with Thomas F. Frist, Sr. and Thomas F. Frist, Jr.[1] in Nashville, Tennessee. Massey hired the Nashville law firm Waller Lansden Dortch & Davis, LLP to assist with the company’s incorporation and later complete many healthcare mergers and acquisitions for several decades[6]. The company became the nation's largest chain of for-profit hospitals and Massey left active management in 1978.[1]

Massey transformed Winners Corporation, one of the largest franchisees of Wendy's hamburger outlets into a major fast-food franchise operation.[1][4] Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant fast food franchises) on the New York Stock Exchange.[1]

Massey was an initial investor in the Corrections Corporation of America in the 1980s.[7]

Philanthropy

Massey was a donor to Belmont University, where the Jack C. Massey Graduate School of Business was named in his honor.[1][2] He also supported Vanderbilt University and the Montgomery Bell Academy in Nashville.[3] His alma mater, University of Florida, named the Jack C. Massey Professorship Fund for him.[4]

Massey was the founder of the Baptist Hospital in Nashville.[1] He was also a donor to the Cheekwood Botanical Garden and Museum of Art and the Tennessee Performing Arts Center in Nashville.[3] Additionally, he made contributions to the Nashville and Palm Beach chapters of Planned Parenthood.[3]

Personal life and death

His first wife, Elizabeth Polak died in 1969.[1] He later married Alyne Queener.[1] He had a daughter, Barbara Massey Rogers and three grandchildren.[1]

Massey resided in Nashville{{clarify|date=December 2017}}.[3] He was the owner of "403 feet of oceanfront property directly in front of Mar-a-Lago" in Palm Beach, Florida, which Donald Trump purchased for $2 million.[3]

Massey was a member of the Belle Meade Country Club in Belle Meade, Tennessee; the Everglades Club and the Bath and Tennis Club in Palm Beach, Florida; the Bathing Corporation and the Meadow Club in Southampton, New York; and the Links Club in New York City.[3]

Massey died of pneumonia on February 15, 1990 at the Good Samaritan Medical Center in West Palm Beach, Florida, at age 85.[5] His funeral was held at the Immanuel Baptist Church in Belle Meade, and he was buried in the Mount Olivet Cemetery in Nashville.[8] His obituary in The Palm Beach Daily News called him "a legend in American business."[3]

Bibliography

  • Bill Carey, Master of the Big Board: The Life, Times and Business of Jack Massey (Cumberland House Publishing, 2005)

References

1. ^10 11 12 13 14 15 16 Glenn Fowler, [https://www.nytimes.com/1990/02/16/obituaries/jack-c-massey-an-entrepreneur-in-hospitals-and-food-dies-at-85.html Jack C. Massey, an Entrepreneur In Hospitals and Food, Dies at 85], The New York Times, February 16, 1990
2. ^Belmont University biography
3. ^{{cite news|title=Business Legend Jack Massey Dies|url=https://www.newspapers.com/image/298888555/?terms=%22Jack%2BC.%2BMassey%22|accessdate=December 17, 2017|work=The Palm Beach Daily News|date=February 16, 1990|pages=1; 4|via=Newspapers.com|registration=yes}}
4. ^[https://www.uff.ufl.edu/FacultyEndowments/ProfessorshipInfo.asp?ProfessorshipFund=008739 University of Florida Foundation]
5. ^{{cite news|title=Fried Chicken King Dies at 85|url=https://www.newspapers.com/image/175349789/?terms=%22Jack%2BC.%2BMassey%22|accessdate=December 17, 2017|work=The Los Angeles Times|date=February 15, 1990|page=P3|via=Newspapers.com|registration=yes}}
6. ^{{cite web |title=The HCA effect: How the hospital giant helped Nashville grow with it|url=https://hcahealthcare.com/about/newsroom/the-hca-effect-how-the-hospital-giant-helped-nashville-grow-with-it| publisher=HCA Healthcare |date=2018-07-23|accessdate=2019-02-27}}
7. ^{{cite journal |author=Harmon L. Wray, Jr. |url=http://southernchanges.digitalscholarship.emory.edu/sc08-3_1204/sc08-3_011/ |title=Cells for Sale |journal= Southern Changes: The Journal of the Southern Regional Council |volume=8 |number=3|date= 1989 |accessdate=February 13, 2017}}
8. ^{{cite news|title=Entrepreneur Jack Massey dead at 75|url=https://www.newspapers.com/image/112788162|accessdate=December 17, 2017|work=The Tennessean|date=February 16, 1990|pages=1; 8|via=Newspapers.com|registration=yes}}
{{Authority control}}{{DEFAULTSORT:Massey, Jack C.}}

15 : 1904 births|1990 deaths|People from Tennille, Georgia|People from Nashville, Tennessee|University of Florida alumni|American philanthropists|KFC people|Wendy's International|Hospital Corporation of America people|Belmont University people|CoreCivic people|20th-century American businesspeople|Deaths from pneumonia|Burials at Mount Olivet Cemetery (Nashville)|American company founders

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