Peter Buck, Subway co-founder, dies at 90
CBSN
Peter Buck, a nuclear physicist whose $1,000 investment in the first Subway sandwich shop more than 50 years ago eventually turned him into a billionaire, has died at age 90.
It was Buck who inspired Fred DeLuca, then a 17-year-old college freshman, to start a submarine sandwich chain to help pay for tuition, according to a history of the company on its website. With Buck's modest backing, the two opened the first Subway restaurant, then called "Pete's Super Submarines," in Bridgeport, Connecticut, in 1965. Its priciest sandwich cost 69 cents.
Three years later, the restaurant changed its name to Subway, and by 1973 Buck and DeLuca were operating 16 sandwich shops throughout the state. They soon decided to franchise the brand, and today the privately held company has more than 40,000 locations around the world.
