Subway’s Last Surviving Founder, Billionaire Peter Buck, Dead At 90:
... [+]Peter Buck, the billionaire cofounder of Subway, one of the largest restaurant chains in the world, has died at 90 years old.
Buck died on November 18, according to a statement from the company. His cause of death was not immediately revealed. Subway CEO John Chidsey praised the late founder as “a shining example of a dedicated, hands-on leader and an integral member of the Subway family,” remembering how he helped grow the behemoth chain from “a singular sandwich shop in Bridgeport, Connecticut.”
Buck gave the chain its wings by making the crucial investment of $1,000 to his friend’s son, Fred DeLuca, in 1965. Then working as a nuclear physicist, Buck figured the sub shop could help pay the 17-year-old high school graduate’s way through college. DeLuca used the money to launch “Pete’s Subway Submarines,” named in Buck’s honor.
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