Berkshire Hathaway

Berkshire Hathaway is a conglomerate known for most its partly owned business like Coca-Cola, Gillette and American Express.

The Hathaway Manufacturing Company was founded in 1888 in New Bedford, Massachusetts, as a cotton milling operations. Berkshire Fine Spinning Associates and Hathaway Manufacturing were merged in 1955 to form Berkshire Hathaway Inc.

The merged company was huge for its time, with 15 plants, 12,000 employees and revenue of over $120 million.

By the end of the 50s, this public company had closed seven of its plant and laid off a large number of workers.

In 1962 Buffet partnerships began purchasing shares of Berkshire Hathaway. Berkshire was selling at around $8 per share, well below its net worth.

By 1965, Warren Buffet increasing their share to 49 per cent and took control of Berkshire and named Ken Chase as its new president.

He transformed Berkshire Hathaway from a textile manufacturing company into an investment holding company.

In 1967 Berkshire Hathaway, once and once only, paid dividend – of 10 cents on its outstanding stock. It never happened again.
Berkshire Hathaway

History of Honda

History of Honda
Honda is a Japanese multinational Corporation which the original name is Honda Technology Research Institute Company Limited.

Company founder Soichiro Honda developed his own design of piston ring in 1938 and won the contract with Toyota. However during World War 2, his entire piston manufacturing facilities was destroyed. Then he started a new company and attached the engine to the bicycle which cheaper and efficient.

These early Honda motorized bicycles were very popular and the stock of surplus two stroke engines soon ran out. In September 1948 Honda Motor Company officially founded.

In 1947 Honda started selling motorcycle. In 1958 The Honda Super Cub motorbike is in the market.

The first Honda vehicle was 1963 T360 a pickup truck and two months later first production of first car S500. Honda finally established a foothold in the American market in 1972 with the introduction of the Civic.

In 1976, the new, larger-than-the-Civic Accord was immediately popular because of its value, economy, and fun-to-drive nature. The Accord has since consistently been one of the best selling cars in the United States.
History of Honda

McDonald

In 1937, the MacDonald brothers opened their first restaurant (the Airdrome) in Arcadia, California selling hot dogs, orange juice, coffee and tea.

In 1940, barbeque restaurant opened by siblings Dick and Mac McDonald in San Bernardino, California.

Their introduction of the "Speedee Service System" in 1948 established the principles of the modern fast-food restaurant. It’s selling 15 cent hamburgers and 10cent fries.

The present corporation dates its founding to the opening of a franchised restaurant by Ray Kroc, in Des Plaines, Illinois on April 15, 1955, the ninth McDonald's restaurant overall.

Kroc later purchased the McDonald brothers' equity in the company and led its worldwide expansion.

Ray Kroc mortgaged his home and invested his entire life savings to become the exclusive distributor of a five-spindled milk shake maker called the Multimixer.

Hearing about the McDonald's hamburger stand in California running eight Multimixers at a time, he packed up his car and headed west. It was 1954. He was 52 years old. Ray Kroc opened the Des Plaines restaurant in 1955.

First day's revenues was $366.12. No longer is a function restaurant, the Des Plaines building now a museum containing McDonald's memorabilia and artifacts, including the Multimixer.
McDonald

History of Kentucky Fried Chicken

History of Business
In 1939 Colonel Harland Sanders perfected the secret blend of 11 herbs and spices of fried chicken. Colonel Sanders was born on September 9, 1890. He masters range of regional dishes by age of seven.

By age forty, he bought a service station, motel and café at Kentucky. In 1956 Colonel Sanders sold Corbin, Kentucky, restaurant and enlist new franchisees. 

By 1964, from humble beginning, Colonel Sanders had 600 franchise outlets for his chicken across United States and Canada. 

In 1971, it was listed on New York Stock Exchange.Colonel Sanders dies in 1980. In 1994 KFC adds non-fried chicken to menus in the US and Australia.
History of Business