founder of the Subway chain of sandwich restaurants:
Peter Buck (December 19, 1930 – November 18, 2021) was an American physicist, restaurateur, and philanthropist. He co-founded the Subway fast-food restaurant chain.
See also: Subway (restaurant)
In 1957 Buck went to work for General Electric at the Knolls Atomic Power Laboratory in Schenectady, New York. There, he performed tests and calculations on atomic power plants being developed for U.S. Navy submarines and surface ships. In 1965 he joined United Nuclear, in White Plains, New York, calculating the power distribution and refueling requirements of nuclear power plants. He finished his engineering career at Nuclear Energy Services in Danbury, Connecticut.[8]
Buck loaned partner and family friend Fred DeLuca $1,000 in 1965 and advised him to open a sandwich shop to help him pay for college at the University of Bridgeport in Bridgeport, Connecticut. They named the restaurant after Buck, calling it "Pete's Super Submarines".[9] Together Buck and De Luca formed "Doctor's Associates" to oversee operations as the restaurant business expanded. Though neither the first nor the second restaurants were financial successes, they continued to expand their operations.[9] By 1973, they had 16 locations throughout Connecticut and, in 1974, they began franchising out the restaurants.[10] They also introduced a new Subway logo and changed the name of their operation from what was then "Pete's Subway" to "Subway Sandwiches".[11]
Subway continued to grow over the ensuing years and by 2010 became the largest fast food chain worldwide, with 33,749 restaurants.[12] In 2015, Buck was ranked No. 261 on the Forbes 400 list of wealthiest people, with an estimated net worth of $1.6 billion.[13]
The Peter and Carmen Lucia Buck Foundation (PCLB) was formed in 1999 as a private family foundation to manage their family's philanthropy.[14] The Internet Archive received support from PCLB.[15]
Buck personally made major donations to the Smithsonian Institution, where he served as a trustee of the National Museum of Natural History, including the 23.10 carat Carmen Lúcia Ruby, given to the museum's gem collection.[16][17][18] It is thought to be one of the finest Burmese rubies known.[19] Curator Jeffrey Post called the gem “the most important addition to the collection in the 20 years that I’ve been here.”[20]
In 2008, Bowdoin College awarded Buck an honorary Doctor of Humane Letters degree.[2] He gave a grant to Bowdoin College in 2009 that completed its capital campaign.[21] Consequently, the college's new fitness center bears his name.[7][22]
In 2014 Buck gave $30 million to Danbury Hospital towards a new addition.[23]
As of 2020, Buck was the seventh-largest landowner in the United States by acreage, according to landreport.com,[24] acquiring land for the purpose of open space conservation.[25]
Peter Buck (December 19, 1930 – November 18, 2021) was an American physicist, restaurateur, and philanthropist. He co-founded the Subway fast-food restaurant chain.
See also: Subway (restaurant)
In 1957 Buck went to work for General Electric at the Knolls Atomic Power Laboratory in Schenectady, New York. There, he performed tests and calculations on atomic power plants being developed for U.S. Navy submarines and surface ships. In 1965 he joined United Nuclear, in White Plains, New York, calculating the power distribution and refueling requirements of nuclear power plants. He finished his engineering career at Nuclear Energy Services in Danbury, Connecticut.[8]
Buck loaned partner and family friend Fred DeLuca $1,000 in 1965 and advised him to open a sandwich shop to help him pay for college at the University of Bridgeport in Bridgeport, Connecticut. They named the restaurant after Buck, calling it "Pete's Super Submarines".[9] Together Buck and De Luca formed "Doctor's Associates" to oversee operations as the restaurant business expanded. Though neither the first nor the second restaurants were financial successes, they continued to expand their operations.[9] By 1973, they had 16 locations throughout Connecticut and, in 1974, they began franchising out the restaurants.[10] They also introduced a new Subway logo and changed the name of their operation from what was then "Pete's Subway" to "Subway Sandwiches".[11]
Subway continued to grow over the ensuing years and by 2010 became the largest fast food chain worldwide, with 33,749 restaurants.[12] In 2015, Buck was ranked No. 261 on the Forbes 400 list of wealthiest people, with an estimated net worth of $1.6 billion.[13]
The Peter and Carmen Lucia Buck Foundation (PCLB) was formed in 1999 as a private family foundation to manage their family's philanthropy.[14] The Internet Archive received support from PCLB.[15]
Buck personally made major donations to the Smithsonian Institution, where he served as a trustee of the National Museum of Natural History, including the 23.10 carat Carmen Lúcia Ruby, given to the museum's gem collection.[16][17][18] It is thought to be one of the finest Burmese rubies known.[19] Curator Jeffrey Post called the gem “the most important addition to the collection in the 20 years that I’ve been here.”[20]
In 2008, Bowdoin College awarded Buck an honorary Doctor of Humane Letters degree.[2] He gave a grant to Bowdoin College in 2009 that completed its capital campaign.[21] Consequently, the college's new fitness center bears his name.[7][22]
In 2014 Buck gave $30 million to Danbury Hospital towards a new addition.[23]
As of 2020, Buck was the seventh-largest landowner in the United States by acreage, according to landreport.com,[24] acquiring land for the purpose of open space conservation.[25]
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.