FORTUNE called him "the greatest capitalist in history" and TIME listed him as one of "100 most influential people of the 20th century".[1][2]. Watson, Jr., later gave a slightly different version of the story in his autobiography, where he said the initial market sampling indicated 11 firm takers and 10 more prospective orders. 's Computing Pioneer, Thomas Watson Jr., Dies at 79, Thomas J. Watson, Jr. - Student Encyclopedia (Ages 11 and up), International Business Machines Corporation. Ambassador to France, Death of Thomas J. Watson, Sr. at Roosevelt Hospital. Tom Jr. learned the lesson, and thereafter — at least until the 1990s (when, even then, Louis V. Gerstner Jr. only dropped it to 6%) — IBM consistently spent 9%. In 1943, the president of IBM, Thomas Watson, is credited with one of the most erroneous statements in history. He was awarded the Vermilye Medal in 1967. He was 79.[17]. He was an avid sailor and pilot. A monthly magazine called 'Think' is distributed to the employees." Opens with IBM CEO Thomas J. Watson meeting Adolf Hitler in his capacity as President of the International Chamber of Commerce. But along with the story of a father and son, this is IBM's story too. The first result of this was the IBM 7030 Stretch program to develop a transistorized "supercomputer"; it failed to meet its price and performance goals, at a reported cost of $20 million. Two sisters followed Thomas, Jr., Jane and Helen, before a final child, Arthur Kittredge Watson, was born. Since the quote is typically used to demonstrate the fallacy of predictions, if Watson did make such a prediction in 1943, then, as Gordon Bell pointed out in his ACM 50 years celebration keynote, it would have held true for some ten years. Watson regularly flew Bradley, the director of lend-lease programs to the Soviet Union, to Moscow during the war. Toward the end of his service, Watson worked for Major General Follett Bradley, who suggested that he should try to follow his father at IBM. 19, 1956, Mr. Watson handed over the reins of the company to his eldest son, Thomas J. worked closely with the International Chamber of Commerce and in 1937 was elected its In his book he says; "I was so intimately entwined with my father. IBMs history includes drama with the Third Reich and all the while the company continued its global reach. By the time of Watson’s death, IBM … Mr. Watson was born in Campbell, N.Y., February 17, 1874. Thomas J. Watson was an American businessman. A leading self-made industrialist, he was one of the richest men of his time and was called the world's greatest salesman when he died in 1956. (quotation from an article by Lord Bowden; American Scientist vol 58 (1970) pp 43–53); cited on Usenet. He seemed like a blanket that covered everything. Thomas J. Watson, Sr., American industrialist who built the International Business Machines Corporation (IBM) into the largest manufacturer of electric typewriters and data-processing equipment in the world. One of the very first quotes can be found in a book "The Experts Speak" written by Christopher Cerf and Victor S. Navasky in 1984. the company's international operations. [13] The misquote is itself often misquoted, with fifty computers instead of five. Watson became CEO in 1956, when his father retired; five years later he was elected chairman. Throughout his life, Mr. Watson maintained a deep interest in international The company stationery, matches, scratch pads all bear the inscription, THINK. Both sons were immersed in IBM from a very early age. Thomas J. Watson was a pioneer in the development of accounting and computing These included the Thomas J. Watson Library of Business and Economics and several smaller building grants. Up to this time IBM was dedicated to electromechanical punched card systems for its commercial products. His organization "... provided IBM executives with the clearest possible goals. Despite the presence of his son, Thomas Sr. kept a firm grip on the reins until 1955. It serves as the headquarters of IBM Research – one of the largest industrial research organizations in the world, with 12 labs on six continents. Lyndon B. Johnson in September 1964 awarded Watson the Presidential Medal of Freedom, the highest award a U.S. President can bestow on a civilian. IBM however made very good use of these particularly hard earned lessons. Tom Jr. took over effective control in a dramatic moment; though the formal handover took place a few months later. His first book in 1963 discussed his management philosophy.[9]. A month before his death on June But this relationship was not all negative: "I really enjoyed the ten years (working) with him". Thomas J. Watson. He received many honors during his lifetime, including being awarded the Presidential Medal of Freedom by Lyndon B. Johnson in 1964. Watson was the principal benefactor of the Watson Institute for International Studies at Brown University and the Thomas J. Watson Fellowship (which supports students to study a topic of personal interest for a year) and other charitable gifts. Thomas Watson Jr. was born on January 14, 1914, just before his father, Thomas J. Watson, was dismissed from his job at NCR - an act which subsequently drove Watson, Sr., to the foundation of the largest and most profitable digital computer manufacturer in the world, IBM Corporation. He said that "IBM had developed a paper plan for such a machine and took this paper plan across the country to some 20 concerns that we thought could use such a machine.

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