The Legendary CEO Of KFC, Who Built The Company From A Rural Chicken Shop Int...

Brown's family released a statement Tuesday announcing his death at the age of 88, AP reported Tuesday. Brown led a storied life as a restaurant mogul, owner of a famous NBA team and governor of Kentucky. His family said he was a true Kentuckian who was always proud of his hometown and its people.

Brown's "encounter" with KFC was in the 1960s. At the time, Brown, who ran a kebab shop, was convinced that fast food had huge potential. At one event, he met Mr. Sanders, the KFC founder, and the two talked about working together. At the time, KFC was just a fast food restaurant operating in parts of Kentucky. In 1964, Brown and his business partners bought KFC for $2 million. In 1965, he became CEO of KFC and the company entered a period of rapid growth. In 1969, KFC went public successfully. In 1971, Brown sold his stake in KFC for a whopping $284 million.

Brown, who has been successful in business, is also interested in sports. In 1978, Brown joined with business partners to take ownership of the NBA's Boston Celtics through an equity swap. However, Brown's experience with the famous team was not particularly pleasant. He sent away the team's best players without the consent of the team's head coach, causing a large number of fans to complain. In 1979, he sold his stake in the Boston Celtics.

In the 1970s, Brown emerged as a major fundraiser for the Democratic Party. In 1979, Brown married Phyllis George, a former Miss America, and was elected governor of Kentucky. It is worth mentioning that during the campaign for governor, Brown made full use of the form of television advertising, which can be described as a successful application of modern campaign techniques.

As governor from 1979 to 1983, Brown brought record business activity to Kentucky, reducing the state budget by more than 20 percent, according to the National Governors Association. But Brown became governor at a time of high inflation and recession, and he served only one term. In 2009, Harvard Business School named Brown as one of the top American business leaders of the 20th century, alongside such titans as Walt Disney and Microsoft founder Bill Gates.

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