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Ben Gilbert

πŸ‘€ Speaker
35701 total appearances
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Appearances Over Time

Podcast Appearances

Acquired
Coca-Cola

So this is actually something more that McDonald's does and less something that Coca-Cola does.

Acquired
Coca-Cola

But boy, does it become important to Coca-Cola fast.

Acquired
Coca-Cola

To illustrate it, if we flash all the way forward to today, there's a Coca-Cola executive on the website saying,

Acquired
Coca-Cola

whose entire job is the McDonald's division of the Coca-Cola company.

Acquired
Coca-Cola

There is no other division dedicated to a company like this.

Acquired
Coca-Cola

So what happens is Ray Kroc, in 1955, one of the first things he does when he gets the expansion rights to expand McDonald's is to look for a beverage supplier for this new Illinois location that he is opening.

Acquired
Coca-Cola

And he calls up Coca-Cola and does a handshake deal and meets in person and does a handshake deal with Waddy Pratt, who ran Coke's fountain division.

Acquired
Coca-Cola

And from that point forward for like 40 years, they built this deeply entrenched relationship purely on a handshake deal.

Acquired
Coca-Cola

And I'm sure there is today.

Acquired
Coca-Cola

But for a long time, it was McDonald's isn't going to bid it out like everyone else always does.

Acquired
Coca-Cola

And they're going to get like amazing preferential treatment.

Acquired
Coca-Cola

And here's some of the preferential treatment that they get.

Acquired
Coca-Cola

Have you ever heard, David, that Coke tastes better when you get it from McDonald's?

Acquired
Coca-Cola

No, but I would believe it.

Acquired
Coca-Cola

This is like a big thing.

Acquired
Coca-Cola

People like insist that I prefer to swing by McDonald's to get a Coke versus getting it somewhere else.

Acquired
Coca-Cola

And if you press, is it just that it's a fountain and you like fountain versus bottle or no, it's actually better at McDonald's.

Acquired
Coca-Cola

It is better at McDonald's.

Acquired
Coca-Cola

No way!