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Subway: Co-founder of sandwich chain DeLuca dead at 67
Yahoo Finance ^ | September 15, 2015 | CANDICE CHOI

Posted on 09/16/2015 8:04:37 AM PDT by Hojczyk

Subway co-founder Fred DeLuca, who turned a sandwich shop he started as a teenager into the world's largest fast-food chain, died Monday evening. He was 67.

DeLuca's death came two years after Subway said he had been diagnosed with leukemia and was scaling back on his leadership role at the company. It also came just weeks after the 50th anniversary of Subway, which is known for its "Footlong" sandwiches and says it has more than 44,000 locations around the world.

The company traces its roots to 1965, when DeLuca opened a sandwich shop at the age of 17 to help pay for college. The idea came from a family friend, Peter Buck, who was co-founder and provided the $1,000 to start the business.

"I knew nothing about making sandwiches, nor the food industry," DeLuca later wrote in a book.

DeLuca and Buck opened their first store in Bridgeport, Connecticut under the name "Pete's Super Submarines," with the priciest sub selling for 69 cents. The name was changed to the snappier "Subway" in 1968, and the pair decided to fuel growth by franchising, or letting others open Subway stores in exchange for fees.

Subway, based in Milford, Connecticut, is privately held and doesn't publicly report its financial performance or executive pay packages. But this year, Forbes magazine pegged DeLuca's net worth at $3.5 billion, making him the 259th-richest individual in the United States.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy
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1 posted on 09/16/2015 8:04:37 AM PDT by Hojczyk
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To: Hojczyk

Ever read the fine print on the Subway posters while waiting in line? Subway’s corporate name is Doctor’s Associates, Inc.


2 posted on 09/16/2015 8:07:47 AM PDT by Yo-Yo (Is the /Sarc tag necessary?)
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To: Hojczyk

Jared unavailable for comment.


3 posted on 09/16/2015 8:08:38 AM PDT by YourAdHere (I just took a big Obama.)
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To: Hojczyk
 photo Subway sandwich shops - 1st store 01_zpsys1vqdta.jpg

http://www.subway.com/subwayroot/about_us/history.aspx

4 posted on 09/16/2015 8:12:50 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: Hojczyk

I grew up in Wallingford, CT, home of Subway #2 (#1 is in Milford). While the current location is down the street from the original corner location at Rte 5 and Center Street, across from the train station, Rosa’s Deli is within yards of both locations, and is 100x better.


5 posted on 09/16/2015 8:18:23 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: YourAdHere

No longer hot and fresh.


6 posted on 09/16/2015 8:24:58 AM PDT by YourAdHere (I just took a big Obama.)
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To: Hojczyk

If he can’t live past 67 with 3.5 BILLION dollars, what chance do the rest of us have? I am glad I retired at 65 last week to ride my bicycle on a trip to the alps. I’m not looking back!
Oldplayer


7 posted on 09/16/2015 8:26:40 AM PDT by oldplayer
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To: Dr. Sivana

It’s still a heck of a story.


8 posted on 09/16/2015 8:28:24 AM PDT by OLDCU
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To: oldplayer

Cancer doesn’t care how much money you made.


9 posted on 09/16/2015 8:31:24 AM PDT by Kirkwood (Zombie Hunter)
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To: OLDCU
It’s still a heck of a story.

It is. In the early days the CT locations did well marketing on the hard rock radio FM station (WPLR), and keeping late hours for when the partiers got the munchies. In those days, it was the only place in town besides Mr. Donut to get something at 2AM.
10 posted on 09/16/2015 8:37:43 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: YourAdHere
No longer hot and fresh.

Well, after it comes out of the microwave it's pretty hot. :)

I remember several years ago ordering a meatball hero at Subway and the Middle Eastern guy at the counter asked if I wanted lettuce and tomatoes on it.

11 posted on 09/16/2015 8:38:03 AM PDT by ETL (ALL (most?) of the Obama-commie connections at my FR Home page: http://www.freerepublic.com/~etl/)
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To: Hojczyk

Sounds like he lived the American dream. While his illness and untimely death is a sad book end to his life by most measures, he was a success and made the world a better place for thousands, if not millions.


12 posted on 09/16/2015 8:41:15 AM PDT by taxcontrol ( The GOPe treats the conservative base like slaves by taking their votes and refuses to pay)
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To: Hojczyk

At least at a subway you can watch your food getting made. If I was a cop that is where I would eat. Some fast food places, like someone else said, will spit in your food.


13 posted on 09/16/2015 8:43:44 AM PDT by US_MilitaryRules (The last suit you wear has no pockets!)
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To: Kirkwood

“Cancer doesn’t care how much money you made.”

More importantly, neither does God.

Oldplayer


14 posted on 09/16/2015 8:48:21 AM PDT by oldplayer
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To: oldplayer

What does that have to do with cancer?


15 posted on 09/16/2015 8:58:18 AM PDT by Kirkwood (Zombie Hunter)
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To: Hojczyk

Wasn’t he the one who not long ago commented on how if he were in the same situation today as a young man (when he started Subway) that because of Obama and the Democrats, it would be a lot more difficult to start an enterprise like Subway because of the taxes, Obamacare, and the overall stigma against working hard and becoming successful and wealthy as a result?


16 posted on 09/16/2015 9:03:16 AM PDT by OttawaFreeper ("You'd see a different game if nobody wore one (a helmet)". NY Rangers' Barry Beck 1983)
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To: YourAdHere

Does he have an alibi?


17 posted on 09/16/2015 9:10:52 AM PDT by Lx (Do you like it? Do you like it, Scott? I call it, "Mr. & Mrs. Tenorman Chili.")
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To: US_MilitaryRules; Hojczyk

At least at a subway you can watch your food getting made. If I was a cop that is where I would eat. Some fast food places, like someone else said, will spit in your food.

18 posted on 09/16/2015 9:14:55 AM PDT by Old Sarge (I prep because DHS and FEMA told me it was a good idea...)
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To: ETL

lettuce and tomato on a meatball sub is about as bad as the Firemans sub joint that wanted to put mayonaisse on a hot pastrami. being from NYC I almost stroked out.


19 posted on 09/16/2015 9:25:42 AM PDT by tenthirteen
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To: Hojczyk

RIP.


20 posted on 09/16/2015 9:28:33 AM PDT by fieldmarshaldj (Resist We Much)
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