Jack C. Massey
Encyclopedia
Jack Carroll Massey Venture capitalist and entrepreneur, born 1904 in Tennille, Georgia
. In 1964, after a career in the medical supply industry, he bought Kentucky Fried Chicken
from its founder, Harland Sanders, for $2 million. Seven years later he sold it for $239 million. His Hospital Corporation of America
(founded 1968) became the nation's largest chain of for-profit hospitals. After 1978, he transformed Winners Corporation
into a major fast-food franchise operation. Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant
fast food franchises) on the New York Stock Exchange
. He is the only person to ever have taken three companies public. The Jack C. Massey Graduate School of Business at Belmont University
is named in his honor.
On November 1, 2005, Belmont University honored Massey and his family who donated $1 Million Gift to endow a Financial Trading Room named in his honor. A special gathering was held to open the trading room in conjunction with the release of his biography, Master of the Big Board: The Life, Times and Business of Jack Massey by Bill Carey.
Mr. Massey was inducted into the Junior Achievement U.S. Business Hall of Fame in 1987.
Tennille, Georgia
Tennille is a city in Washington County, Georgia, United States. The population was 1,505 at the 2000 census.It was home for 10 years to noted architect Charles E...
. In 1964, after a career in the medical supply industry, he bought Kentucky Fried Chicken
KFC
KFC, founded and also known as Kentucky Fried Chicken, is a chain of fast food restaurants based in Louisville, Kentucky, in the United States. KFC has been a brand and operating segment, termed a concept of Yum! Brands since 1997 when that company was spun off from PepsiCo as Tricon Global...
from its founder, Harland Sanders, for $2 million. Seven years later he sold it for $239 million. His Hospital Corporation of America
Hospital Corporation of America
Hospital Corporation of America is the largest private operator of health care facilities in the world, It is based in Nashville, Tennessee and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.-History:The founders of HCA include Jack C....
(founded 1968) became the nation's largest chain of for-profit hospitals. After 1978, he transformed Winners Corporation
Mrs. Winner's Chicken & Biscuits
Mrs. Winner's Chicken and Biscuits is a regional fast food restaurant in the U.S. Southeast which specializes in fried chicken. Mrs. Winner's was...
into a major fast-food franchise operation. Finally, he listed Volunteer Capital Corporation (a holding company of Wendy's Restaurant
Wendy's
Wendy's is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. The company decided to move its headquarters to Dublin, Ohio, on January 29, 2006. It has been owned by Triarc since 2008...
fast food franchises) on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
. He is the only person to ever have taken three companies public. The Jack C. Massey Graduate School of Business at Belmont University
Belmont University
Belmont University is a private, coeducational, liberal arts university located in Nashville, Tennessee, United States. It is the largest Christian university in Tennessee and the second largest private university in the state, behind nearby Vanderbilt University.-Belmont Mansion:Belmont Mansion...
is named in his honor.
On November 1, 2005, Belmont University honored Massey and his family who donated $1 Million Gift to endow a Financial Trading Room named in his honor. A special gathering was held to open the trading room in conjunction with the release of his biography, Master of the Big Board: The Life, Times and Business of Jack Massey by Bill Carey.
Mr. Massey was inducted into the Junior Achievement U.S. Business Hall of Fame in 1987.