[quote=SK in CV][quote=earlyretirement] NO, no way the Jack in the Box fortune was anything like a billion. [/quote]
Just a bit of SD history. Robert Peterson sold Jack in the Box to Ralston Purina more than 45 years ago. By that time, he’d already opened a bank, (I’m pretty sure it was Southern California First National Bank) one of the more successful local banks in SD history. After a few name changes, it’s currently Union Bank. Peterson gave away 10’s of millions during his lifetime. Otherwise, the Jack in the Box fortune could very easily have been worth $1B today.[/quote]
Thank you, SK. Union Bank (now Japanese owned) was formerly Union Bank of CA, which was formerly California First Bank (yes, the fourth tallest bldg in dtn SD at the time, which I’ve been with for nearly 33 years). They’ve never issued any sub-prime mortgages to my knowledge, thus weren’t affected by the “subprime mortgage crisis.”
Absolutely agree with you that “net worth” assumptions of the Jack-in-the-Box empire . . . (considering that their HQ is STILL in SD) could be worth between $750M and $1B today.
