Disney vs McDonald's: Founders, CEOs and History
Disney was founded in 1923 by Roy O. Disney, Walt Disney and is led by Josh D'Amaro. McDonald's was founded in 1940 by Maurice James McDonald, Richard James McDonald, Ray Kroc and is led by Chris Kempczinski.
Company facts
Disney
- Founded
- 1923
- Headquarters
- Burbank, California
- Current CEO
- Josh D'Amaro
- Employees
- 231,000
McDonald's
- Founded
- 1940
- Headquarters
- Chicago, Illinois, United States
- Current CEO
- Chris Kempczinski
- Employees
- 150,000
Founders
Disney
Roy O. Disney
The Walt Disney Company possesses arguably the most well-known, mythologized founding story in American corporate history, rooted in an artistic ambition and the desperate, scrappy origins of early animation.
Walt Disney
Walt Disney co-founded Disney Brothers Studio in 1923 and became the company's central creative force.
McDonald's
Maurice James McDonald
Maurice "Mac" McDonald co-founded McDonald's with his brother Richard in 1940, opening a barbecue drive-in in San Bernardino, California.
Richard James McDonald
Richard McDonald co-founded McDonald's and played a leading role in the 1948 redesign that turned a local drive-in into the template for modern fast food.
Ray Kroc
Ray Kroc opened his first McDonald's franchise in Des Plaines, Illinois in 1955 and built the franchising organization that made the brand famous far beyond California.
CEOs and their tenures
Disney
- Bob Iger2005–2026
Former Chief Executive Officer
Iger turned Disney into a franchise owner with Marvel, Star Wars and Pixar at its core and moved it into direct-to-consumer streaming. His second term focused on making streaming profitable, defeating Trian's 2024 proxy fight and completing CEO succession.
Source - Bob Chapek2020–2022
Former Chief Executive Officer
Disney+ subscriptions grew rapidly during his tenure, but streaming losses, a dispute with Scarlett Johansson over Black Widow and Disney's conflict with Florida officials weighed on his standing. The board replaced him with Bob Iger in November 2022.
Source - Hugh Johnston2023–present
Senior EVP and Chief Financial Officer
As CFO, he executed aggressive cost-cutting measures that helped Disney's streaming division reach profitability ahead of initial timelines.
Source - James Gorman2025–present
Chairman of the Board
He stabilized the board during ongoing activist proxy battles and focused the company on finding a long-term successor to Bob Iger.
Source - Josh D'Amaro2026–present
Chief Executive Officer
Became CEO on March 18, 2026 after serving as chairman of Disney Experiences, where he oversaw parks, cruises and consumer products.
Source - Dana Walden2026–present
President and Chief Creative Officer
She significantly expanded Disney's adult-oriented programming on Hulu and navigated the aggressive shift from linear television revenue to direct-to-consumer streaming models.
Source
McDonald's
- Ray Kroc1967–1973
CEO
Under Kroc's executive leadership, McDonald's scaled from a regional drive-in licensing experiment into an international enterprise with over 2,500 locations and $1 billion in annual systemwide sales by the end of his CEO tenure in 1973.
Source - Fred Turner1974–1987
CEO
Turner expanded McDonald's from roughly 2,500 restaurants in 1974 to over 10,000 across 45 countries by 1987, multiplying systemwide sales from $1.9 billion to over $14 billion.
Source - Michael R. Quinlan1987–1998
CEO
During Quinlan's 11-year CEO tenure, McDonald's expanded from approximately 10,000 to over 24,000 restaurants globally, and annual systemwide sales rose from $14.3 billion in 1987 to $36 billion in 1998.
Source - Jack M. Greenberg1998–2002
CEO
Greenberg pushed global restaurant count past 30,000, but rapid store expansion cannibalized existing franchisees and kitchen complexity slowed drive-thru service.
Source - James R. Cantalupo2003–2004
CEO
Under Cantalupo's leadership, McDonald's launched the global 'I'm Lovin' It' campaign and introduced premium salads, driving 11 consecutive months of positive same-store sales growth.
Source - Charlie Bell2004–2004
CEO
During Bell's seven-month tenure, McDonald's generated 7.5% global comparable sales growth in 2004, its strongest operational performance in over a decade.
Source - Jim Skinner2004–2012
CEO
Skinner generated roughly 250% total shareholder returns between 2004 and 2012. Annual systemwide sales expanded from $46 billion to $86 billion, McCafé was rolled out internationally, and the company completed the complete divestiture of Chipotle, Boston Mark…
Source - Don Thompson2012–2015
CEO
Rapid menu proliferation complicated kitchen operations and pushed drive-thru wait times to historical highs.
Source - Steve Easterbrook2015–2019
CEO
Easterbrook refranchised over 4,000 company-owned locations to lift franchised ownership from 81% to approximately 93%, expanding operating margin from 29% to 43%.
Source - Chris Kempczinski2019–present
CEO
Since becoming CEO in November 2019, Kempczinski executed the 'Accelerating the Arches' framework, growing FY2025 consolidated revenue to $26.885 billion and net income to $8.563 billion.
Source
Timeline: Disney and McDonald's side by side
1923Disney
Disney Brothers Cartoon Studio is founded
Walt Disney and Roy O. Disney formed the studio after Walt arrived in California with the Alice Comedies.
1928Disney
Mickey Mouse debuts in Steamboat Willie
Steamboat Willie introduced Mickey Mouse to a broad audience with synchronized sound. The short helped Disney turn a technical change in cinema into a character asset that could be repeated, licensed, and expanded.
1937Disney
Snow White and the Seven Dwarfs is released
Snow White and the Seven Dwarfs proved that feature-length animation could work as a premium theatrical event. Its success gave the studio credibility and capital for more ambitious animated films.
1940McDonald's
First McDonald's Opens in San Bernardino
Richard and Maurice McDonald opened the first McDonald's restaurant on May 15, 1940 in San Bernardino, California. The original drive-in gave the brothers a live operating laboratory before they stripped the model down to a faster, lower-cost menu.
1948McDonald's
Speedee Service System Introduced
The brothers simplified operations in 1948 around 15-cent hamburgers, shakes, and fries.
1955Disney
Disneyland opens in Anaheim
Disneyland moved the company beyond screens and into physical entertainment. The park created a second economic model built on admission, food, merchandise, hospitality, and repeat family visits.
1955McDonald's
Ray Kroc Opens Des Plaines Restaurant
Ray Kroc opened his first McDonald's in Des Plaines, Illinois on April 15, 1955 after becoming the brothers' franchise agent. That restaurant became the base for converting a California operating idea into a national franchise system.
1961McDonald's
Hamburger University Opens
Hamburger University opened in the basement of an Elk Grove Village, Illinois restaurant in 1961. The training program mattered because it formalized the standards and operating routines that franchisees needed to deliver a consistent experience.
1961McDonald's
Kroc Buys the Brothers' Company
McDonald's says it acquired the rights to the brothers' company in 1961 for $2.7 million. The deal gave Kroc control of the name and system, setting up the real estate-backed franchise model that later defined parent-company economics.
1968McDonald's
Big Mac Added to National Menu
The Big Mac, developed by owner-operator Jim Delligatti of Pittsburgh, was added to the national menu in 1968. It became a durable core product and a recognizable signal of the company's ability to turn franchisee ideas into systemwide menu platforms.
1975McDonald's
Egg McMuffin Builds Breakfast
The Egg McMuffin, created by owner-operator Herb Peterson of Santa Barbara, California, was added to the national menu in 1975. It helped turn breakfast into a major daypart rather than leaving the restaurants dependent on lunch and dinner traffic.
1996Disney
Capital Cities/ABC brings ESPN to Disney
Disney stockholders approved the Capital Cities/ABC merger in 1996, bringing ABC and ESPN into the company. ESPN later became central to Disney's television economics and is now central to its cord-cutting risk.
2003McDonald's
I'm Lovin' It Campaign Launches
McDonald's launched its global "I'm lovin' it" marketing campaign in 2003, its first worldwide brand campaign.
2005Disney
Robert A. Iger becomes CEO
Iger became CEO in 2005 after serving as Disney president and chief operating officer. His tenure reshaped the company through Pixar, Marvel, Lucasfilm, 21st Century Fox assets, international expansion, and direct-to-consumer streaming.
2006Disney
Pixar Animation Studios is acquired
The $7.4B Pixar deal ended a strained distribution relationship and brought creative leadership, computer-animation expertise, and a strong story process into Disney. It helped restore animation momentum and set the template for later franchise acquisitions.
2009Disney
Marvel Entertainment is acquired
Disney agreed to acquire Marvel in a transaction valued at about $4B. The deal added more than 5,000 characters and expanded the company's reach in theatrical films, consumer products, streaming, and parks.
2012Disney
Lucasfilm joins Disney
The Lucasfilm acquisition was valued at $4.05B and brought Star Wars, Indiana Jones, Industrial Light & Magic, and related production assets. It gave Disney a global franchise with theatrical, streaming, merchandise, games, and parks potential.
2017McDonald's
Global McDelivery Day with UberEATS
McDonald's marked Global McDelivery Day in 2017 to support the broader launch of McDelivery with UberEATS. Delivery expanded restaurant reach beyond the counter and drive-thru, while also adding packaging, marketplace-fee, and kitchen-throughput challenges.
2019Disney
Disney signs amended 21st Century Fox acquisition agreement
The amended Fox agreement valued the equity consideration at about $71.3B and expanded Disney's content library, international assets, and Hulu position. It was a scale move made as Disney prepared for a streaming-centered media market.
2019Disney
Disney+ launches
Disney+ launched in the United States, Canada, and the Netherlands with nearly 500 films and 7,500 television episodes. The service moved Disney closer to consumers and made streaming economics a core investor question.
2019McDonald's
Dynamic Yield Acquisition
McDonald's agreed to acquire Dynamic Yield in 2019 to personalize drive-thru menu boards, kiosks, and app experiences using signals such as time of day, weather, restaurant traffic, and trending items.
2020Disney
Bob Chapek leads through pandemic disruption
Chapek became CEO shortly before COVID-19 disrupted parks, cruises, theaters, and production. The period exposed Disney's dependence on physical attendance while accelerating demand for direct-to-consumer streaming.
2024McDonald's
Quarter Pounder E. Coli Outbreak
U.S. Public health agencies linked a 2024 E. Coli outbreak to slivered onions served on McDonald's Quarter Pounders in affected states.
2025Disney
$94.425B revenue and $12.404B net income
FY2025 results showed the scale of Disney's current base across Entertainment, ESPN, and Experiences. The figures shift the analysis from simple revenue recovery to the quality of earnings, streaming profit, and park capital returns.
2025McDonald's
$26.9B FY2025 Revenue
McDonald's reported $26.885 billion in FY2025 revenue and $8.563 billion in net income.
2026Disney
Josh D'Amaro becomes CEO
Disney's board unanimously elected Josh D'Amaro CEO effective March 18, 2026, with Robert A. Iger moving to senior advisor and Dana Walden becoming President and Chief Creative Officer.
Acquisitions
Disney
- Comcast's 33% stake in Hulu2023$8.6B
- 21st Century Fox entertainment assets2019$71.3B
- BAMTech2017$2.6B
- Lucasfilm2012$4B
- Marvel Entertainment2009$4.2B
- Pixar Animation Studios2006$7.4B
McDonald's
- Dynamic Yield2019$300M
- Apprente2019Undisclosed
- Boston Market2000$173.5M
- Donatos Pizza1999Undisclosed
- Chipotle Mexican Grill stake1998Undisclosed
Questions about Disney vs McDonald's
Who is the CEO of The Walt Disney Company and McDonald's Corporation?
The Walt Disney Company is led by Josh D'Amaro and McDonald's Corporation is led by Chris Kempczinski. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was The Walt Disney Company founded vs McDonald's Corporation?
The Walt Disney Company was founded in 1923 — 17 years before McDonald's Corporation, which was founded in 1940. The Walt Disney Company's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger McDonald's Corporation.
How many employees does The Walt Disney Company have compared to McDonald's Corporation?
The Walt Disney Company employs approximately 231,000 people, while McDonald's Corporation employs approximately 150,000. The Walt Disney Company has the larger workforce at 231,000 employees, compared to McDonald's Corporation's 150,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are The Walt Disney Company and McDonald's Corporation headquartered?
Both The Walt Disney Company and McDonald's Corporation are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded The Walt Disney Company and McDonald's Corporation?
The Walt Disney Company was founded by Roy O. Disney, Walt Disney. McDonald's Corporation was founded by Maurice James McDonald, Richard James McDonald, Ray Kroc.
Which company has a longer operating history — The Walt Disney Company or McDonald's Corporation?
The Walt Disney Company has been operating for approximately 103 years, making it the more established of the two companies. McDonald's Corporation has been in operation for around 86 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Disney vs McDonald's overview