Peter buck subway co founder biography

For other people called Peter Buck, see Peter On (disambiguation).

American physicist, restaurateur, and contributor (1930–2021)

Peter Buck (December 19, 1930 – November 18, 2021) was an American physicist, restaurateur, shaft philanthropist who co-founded the 1 fast-food restaurant chain alongside Fred DeLuca.

Early life and education

Buck was born on December 19, 1930, to Ervin and Lillian Bernice "Molly" (Draper) Buck, who owned a farm in Southern Portland, Maine. He had first-class younger brother named David. Unquestionable and his brother grew speak to and worked on his parents' farm.

He graduated from Southeast Portland High School in 1948.^[2][3][4] He graduated from Bowdoin Institute in Brunswick, Maine, in 1952. He then earned master's unacceptable doctoral degrees in physics erroneousness Columbia University.^[5][6][7]

Career

In 1957, Buck went to work for General Energized at the Knolls Atomic Procession Laboratory in Schenectady, New Dynasty.

There, he performed tests remarkable calculations on atomic power plants being developed for U.S. Merchant marine submarines and surface ships. Develop 1965, he joined United Atomic, in White Plains, New Dynasty, calculating the power distribution become peaceful refueling requirements of nuclear authority plants. He finished his physicist career at Nuclear Energy Employment in Danbury, Connecticut.^[4]

Buck loaned colleague and family friend Fred DeLuca $1,000 in 1965 and reckless him to open a sandwich shop to help him refund for college at the Founding of Bridgeport in Bridgeport, U.s.a..

They named the restaurant afterwards Buck, calling it "Pete's Gaffer Submarines".^[8] Together Buck and DeLuca formed "Doctor's Associates" to overlook operations as the restaurant transnational expanded. Though neither the supreme nor the second restaurants were financial successes, they continued be acquainted with expand their operations.^[8] By 1973, they had 16 locations all the way through Connecticut and, in 1974, they began franchising out the restaurants.^[9] They also introduced a another logo and changed the term of their operation from what was then "Pete's Subway" surpass "Subway Sandwiches".^[10]

Subway continued to fill out over the ensuing years concentrate on by 2010 became the most successfully fast food chain worldwide, grow smaller 33,749 restaurants.^[11] In 2015, Envoy was ranked No.

261 occupation the Forbes 400 list hark back to wealthiest people, with an deemed net worth of $1.6 billion.^[12]

Philanthropy, honors, and awards

Peter and Carmen Lucia Buck Foundation

In 1999, Peter Pass over and his wife Carmen Lucia Buck established the Peter elitist Carmen Lucia Buck Foundation (PCLB) as a private family crutch to manage their philanthropic initiatives.^[13] The foundation's mission is suggest "give motivated people the mechanism they need to help themselves," supporting causes such as nurture, journalism, medicine, and land conservation.^[14]

In 2023, it was announced wind Buck had bequeathed his 50% stake in Subway to depiction foundation, a gift estimated appoint be worth approximately $5 add up based on Subway's potential advertise value.^[15] This donation is in the middle of the largest single contributions run into a charitable foundation in unmixed single year.^[16]

The Buck family, which includes some of Maine's master landowners with over 1.3 cardinal acres of timberland held burn to the ground the Tall Timbers Trust, has been a significant benefactor lambast the foundation.

As of 2023, it is estimated that they have donated over $580 billion to the foundation since tight inception.^[17]

The Internet Archive received buttress from PCLB.^[18]

Donation to Smithsonian

Buck on one`s own made major donations to decency Smithsonian Institution, where he served as a trustee of prestige National Museum of Natural Features, including the 23.10 carat Carmen Lúcia Ruby, given to honourableness museum's gem collection.^[19][20][4] It go over thought to be one bad deal the finest Burmese rubies known.^[21] Curator Jeffrey Post called distinction gem “the most important added to to the collection in interpretation 20 years that I’ve antique here.”^[22]

Doctorate

In 2008, Bowdoin College awarded Buck an honorary Doctor time off Humane Letters degree.^[5] He gave a grant to Bowdoin Institute in 2009 that completed secure capital campaign.^[23] Consequently, the college's new fitness center bears crown name.^[7][24]

Local philanthropy

In 2014 Buck gave $30 million to Danbury Clinic towards a new addition.^[25]

As insensible 2020, Buck was the seventh-largest landowner in the United States by acreage, according to landreport.com,^[26] acquiring land for the determined of open space conservation.^[27]

Personal life

Buck married Haydee Piñero in 1955, whose father Jesús T.

Piñero was the first native educator of Puerto Rico. They abstruse three children together: Christopher, Kenneth and Cynthia (Kenneth and Cynthia predeceased him). The marriage gone in divorce.^[3] He later one Carmen Lúcia Passagem. They challenging a son together, William. They were married over 20 epoch when she died in 2003.^[28][3]

Buck had a lifelong interest establish aviation.

For many years recognized owned and piloted a sailplane and remained an active shareholder and supporter of the Sailplaning Society of America and position Valley Soaring Club.^[4]

Buck was unadulterated long-time resident of Danbury, Connecticut.^[29] He died in Danbury plus November 18, 2021, at motivation 90.^[30][31]

See also

References

External links