[4] In 1958, the brothers borrowed $600 from their mother and opened a pizza restaurant catering to students after a local real estate agent with an unrented building convinced them that pizza would be a promising business.
By 1977, Pizza Hut had grown to 4,000 outlets and the brothers decided to sell the business to PepsiCo for over $300 million USD.
[1][3] The Carney brothers have been featured in the History Channel series The Food That Built America.
During legal struggles with Pizza Hut in the late 1990s, Papa John's ran commercial advertisements highlighting the fact, including a dramatization showing Frank coming to a Pizza Hut stockholders' meeting wearing a Papa John's apron, saying, "Sorry, guys.
He was the past president of the International Franchise Association (IFA) and the Wichita Area Chamber of Commerce.