Carl Karcher
| Carl Karcher | |
|---|---|
 |
|
| Born |
Carl Nicholas Karcher January 16, 1917 Upper Sandusky, Ohio, U.S. |
| Died | January 11, 2008 (aged 90) Fullerton, California, U.S. |
| Cause of death | Parkinson's disease |
| Resting place | Holy Sepulchre Cemetery, Orange, California |
| Occupation | Entrepreneur |
| Spouse(s) |
Margaret Karcher (1939–2006; her death) |
Carl Nicholas Karcher (January 16, 1917 – January 11, 2008) was an American businessman who founded the Carl's Jr. hamburger chain, now owned by parent company CKE Restaurants, Inc.
Born on a farm near Upper Sandusky, Ohio, Karcher was the son of Ohio natives Leo and Anna Maria (Kuntz) Karcher. Leo Karcher's grandparents immigrated from Belgium; Anna Maria Kuntz was of German ancestry. Carl N. Karcher moved to Anaheim, California, where his uncle ran a small business. He was hired by his uncle and worked for him for three years, and later dropped that job to work at a bakery as a delivery boy which increased his weekly salary by $6. He married Margaret Magdalen Heinz Karcher in 1939.
Karcher and his wife started their first business, a hot dog stand, on July 17, 1941 in Los Angeles when they borrowed $311 against their Plymouth automobile and added $15 from Margaret's purse. The stand initially sold hot dogs and Mexican tamales. On his 28th birthday, January 16, 1945, they opened their first restaurant, Carl's Drive-In Barbecue, in Anaheim.
Their restaurant quickly expanded, with the restaurants numbering 100 by 1974 and over 300 by 1981. Karcher was investigated and sued by the Securities and Exchange Commission for insider trading after allegedly telling family members to sell their stock in advance of a poor earnings report. Karcher settled the case in July 1989 for $664,000. Karcher served as chairman and CEO of the company until its own board of directors voted him out in 1993 after years of infighting over strategy.
Karcher objected to the sexualized nature of the Carl's Jr. ad campaigns of the 2000s, and was said to have been "heartbroken that a company he founded on Christian principles has taken such an amoral act."
Karcher died on January 11, 2008, from complications of Parkinson's Disease, at age 90 .
Karcher received numerous awards for his philanthropy, including, in 1979, the Horatio Alger Award "for his distinction in accomplishments through individual initiative, hard work and adherence to traditional ideals."
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Wikipedia