. . Up until that time, computer manufacturers had built specific computer systems for specific clients. Thomas proudly served in the US Army during the Vietnam War. One of his proudest "selling" jobs was the negotiation of a $40,000 loan, without Judge Fletcher B. Watson IV is the present incumbent. He resides at the Whittle Street Watson home, on a ridge above Cherrystone Creek, that was built in 1894 by the first Fletcher Bangs Watson, a veteran of the Civil War. Prior to that time the family had lived in the Scotchmans old homestead. He had retired in 1971 after a heart attack and later served as ambassador to the Soviet Union. WebOCDA ISSUES DEPENDENT DESTRUCTION REPORT - Jason Ray John . In this expectation Watson seems to have been correct; by 1980 IBM had vigorous competition from numerous U.S. companies. You will receive an e-mail daily when a guest leaves a tribute on this obituary. . In the early 1950s, Watson worried about the UNIVAC computer, produced by Remington Rand. When Carter lost the election to Ronald Reagan, Watson's stint in diplomacy ended. His territory was Wall Street, where he set records but was plagued by doubts as to whether he got special help as the boss's son. In 1955, he gave $1,000,000 to the Genesee (N. 1969, the Justice Department filed an antitrust complaint accusing IBM of monopolizing the computer industry. Beloved wife of the late Albert Owen. Conference of the Methodist Church. Encyclopedia of World Biography. Mr. Price, who lived Washington, was born in Bessemer, Ala., and grew up in Jackson, Ga. Thomas Joseph Watson. Anna L. Watson (nee Bowen) On April 29, 2023 of Sicklerville. In the 1920s, Thomas Watson, Sr. became chief executive officer and renamed the company IBM. Keep reading with unlimited digital access. Together they traveled to Moscow where they set up the Alaska-Siberia ferry route to bring planes to the Soviets. employes to gaze in almost any direction without losing sight of the admonition reference room. Watson led IBM through the longest and most spectacular growth in modern business history. Development took longer and cost more than expected, with hundreds of computer programmers having to write millions of lines of code. WebSearching obituaries is a great place to start your family tree research. Those, he said, must be adhered to. Its rentals were estimated at $100,000,000 annually. It grew from about $700 million in annual revenue to $7.5 billion during his tenure as chief executive. Eleanor Mae Ellie (Watson) Horan died peacefully at home, on April 28, 2023 surrounded by her loving family after a courageous battle with cancer. He was 79. 27 Apr. Obituaries can vary in the amount of information they contain, but many of them are genealogical goldmines, In addition, his life was marked by years of struggle at home and at work with a father at least as energetic, hot-tempered and demanding as he was. The System/360 faced significant obstacles. Edit your search or learn more. Thomas Watson Jr passed away at age 10 years old on June 26, 1997. The effect of this conference was such that Mr. Watson was ever afterward a champion of the catchword and of the idea that one of the chief duties of a supervisor is the encouragement of those below him. Thomas J. Watson Jr., who brought International Business Machines--the firm founded by his father--from the age of typewriters into the era of Born in Jersey City, New Jersey, he resided in Patchogue and East Patchogue for the past 55 years. Some of America's greatest cultural heroes are its basement inventors and self-made business owners. Scribner Encyclopedia of American Lives, Thematic Series: The 1960s. Mr. Watson was credited with making them. Built IBM into a divisionalized and professionally-managed high technology enterprise. The shirts remained white. Although Watson could be harsh, he tried to loosen things up at IBM. The younger Watsons contributions were hailed at the companys annual meeting in April: Perhaps the most important legacy of his leadership can be summarized in just three words, IBM means service, IBM Chairman Louis V. Gerstner said at the time. Dr. Paul A. Wolfe will officiate. Wang Laboratories, Inc. The Rev. Corrections? of job all their lives. Thomas J. Watson, Jr., on January 17, 2013, of Pine Hill, formerly of Bellmawr. Watson approved of the innovations because he felt IBM needed change. 550 and president of the local chapter of the Paine College Alumni Club. After Watson left the company in 1971, he pursued a variety of interests outside IBM, including aviation, sailing, travel and public service. Watson adopted Spado under Maine law in 1991. The company has 60,000 employes. Terry Pegulas ask was simple, direct and humble: The Buffalo Bills and Buffalo Sabres owner, speaking in a recorded video message, asked fans, The national effort to shed a greater spotlight on what advocates believe is improper content available to children in school libraries has ta. . He had a personal fleet that included a Lear jet, a Breezy, a Twin King Air, a Taylor Cub, and a Bell jet 206 helicopter. The Watsons later had two daughters, Jane and Helen, and another son, Arthur. engine, and gave IBM its international dimension.". Loving brother of Patrick Watson, Ann Domanick and the late Michael Watson. He was 79. In 1952, the Government started a civil antitrust suit against I.B.M., charging that the corporation owned His evenings were spent drinking and dancing in nightclubs. By 1969 IBM computers accounted for about 70 percent of all computers sold. In 1979, Watson became the U.S. ambassador to Moscow. When Watson went to a bar for a drink after school, the bartender asked "Doesn't your father have a big policy about liquor?" A biography of Mr. Watson prepared by the company credits many IBM employees and executives for the company's phenomenal growth in those years. 8 January 1914 in Dayton, Ohio; d. 31 December 1993 in Greenwich, Connecticut), businessman whose foresight and decisiveness built International Business Machines (IBM) from a prosperous $700-million-per-year general business supplies and keypunch machine company into "Big Blue," a multibillion-dollar-per-year company that dominated the world market for computers. It was surpassed that year only by the $704,425 received by Louis B. Mayer, On his return from his ambassadorship, Watson began speaking and writing about arms control. antitrust officials haled it into court. Mr. Watson's wide civic activities ranged from the presidency of the old Merchants Association here to host for city celebrations for kings, presidents and dignitaries of many descriptions. ", Mr. Watson was born in Dayton, Ohio, on Jan. 8, 1914, and grew up in Short Hills, N.J., where he was surrounded by the suburban trappings of money and privilege and earned a reputation as a bit of a brat. Under his leadership, IBM entered the computer market, focusing on sales, service, and adaptation. During five years of service, he rose from private to lieutenant colonel. Also survived by many nieces and nephews. Gene was a long time resident of Dallas and owner of Ginger's Petals and Bows in Mesquite. In 1956, he joined the staff of the Board of Patent Appeals, and in 1958 he was named a member of it by President Eisenhower. WebIEEE Annals of the History of Computing. To stimulate himself and others, Mr. Watson had a "THINK" sign made-- the first of thousands--and hung it in the conference room. The clouds of doom never gathered on Mr. Watson's horizon. April 4, 2014. Thomas J. Watson Jr., who followed in his father's footsteps as head of the International Business Machines Corp. and pushed the company into the computer era, died Friday. officer. 8 January 1914 in Dayton, Ohio; d. 31 December 1993 in Greenwich, Connecticut), businessman whose foresight and Thomas J. Watson, Jr., succeeded his father as chief executive Watson's management style differed from his father's. April 4, 2014. Under his leadership, IBM undertook the SAGE (Semi-Automatic Ground Environment) project for the U.S. Air Force, which involved setting up radar stations across North America and linking them via computers; this was the beginning of real-time data processing. machines, pianos and organs. Thomas J. Watson Sr., who built the fabulous International Business Machines Corporation, died of a heart attack yesterday in Roosevelt Hospital. ." He settled on the idea behind System/360, the most revolutionary change in the designing and marketing of computers before the development of the Apple personal computer. OCDA ISSUES CUSTODIAL DEATH REPORT - Carlos Lopez . In 1974, he made a major voyage off the coast of Greenland, over 500 miles above the Arctic Circle. Mr. Hennessey, who was born in Springfield, Mass., was a 1931 graduate of the College of the Holy Cross and a 1934 graduate of Harvard University law school. He served in the Army Air Forces during World War II, ferrying aircraft around the world, logging thousands of miles on flights that included taking big aircraft over the Himalayas and into Moscow. IBM was being pressed hard by the Japanese manufacturers Fujitsu and NEC, and Watson feared that the ability of its individual divisions to compete against these giants would be lost if IBM was broken up. Chairman, Dell Inc. The San Jose center became known for its informality and unusual methods of problem solving. Thomas J. Watson Jr., who brought International Business Machines--the firm founded by his father--from the age of typewriters into the era of computers, died Friday. During the Korean War, IBM developed the 701 Data Processing Machine (also known as the Defense Calculator) for the U.S. military, and in 1954 it offered a business version of the machine, the IBM 702, which pioneered the use of transistors instead of vacuum tubes for calculating. He also was chief of the defense applications division. WebSee all obituaries for Joseph Watson. Watson died of complications following a stroke on December 31, 1993 in Greenwich, Connecticut. I.B.M. . In 1954, the company started delivering a small business computer, the 650, which could perform complex accounting operations. Fax: (513)445-1418 (UNKNOWN), Male, 1871 - 1941 (UNKNOWN), Female, 1889 - 1945 (UNKNOWN), Male, 1919 - 1931 (UNKNOWN), Male, d. 12/20/2007, Thomas Joseph Byrne, 87, Wake Forest, died Thursday, Dec. 20, 2007, at his home. "Watson, Thomas John, Jr. Watson also decentralized the company's administration, encouraged more research and development, and increased the company's debt. Mr. Brewrink, who lived at the Collington Life Care Center in Mitchellville, was born in Pullman, Wash. The attached photos are added to the He served on several committees and commissions, including the Advisory Committee on Labor-Management Policy, which dealt with unemployment, and the Peace Corps steering committee. WebIEEE Annals of the History of Computing. He was stationed at the Defense Logistics Agency in Alexandria when he retired in 1979. One month later, his father died. For the customer, Mr. Watson saw to it that new machines were devised to meet new needs and new needs were discovered to stimulate the sale of new and old machines. flying, Watson spent his time at college drinking and socializing. And France's Le Monde said that Paris. Watson had trouble reading and had little self-confidence. 2), edge rusher Ernest Willor Jr. (3) and cornerback Ellis Robinson (5). A friend of Presidents, Mr. Watson helped to bring General of the Army Dwight D. Eisenhower to Columbia as president. Encyclopedia.com. He received a law degree from Georgetown University. Public Company One Industrial Avenue capitalist who ever lived." That meant hiring engineers by the thousands and spending dollars by the tens of millions on new factories and labs. The conflicts and achievements are chronicled in Mr. Watson's autobiography, written with Peter Petre and published in 1990, called "Father, Son & Co.", In that book, Mr. Watson wrote: "Father and I played out our rivalry and our love for each other in the great American business that he created. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Mr. Watson served for five years as a pilot in the U.S. Army Air One of IBM's big selling points was the service that it provided for its machines and the software programs that were unique to its various clients. Watson's A Business and Its Beliefs (1963) offers insight into his thinking when IBM was growing by as much as 30 percent in wealth per year. Scribner Encyclopedia of American Lives, Thematic Series: The 1960s. During the 1960s IBM's revenues had risen by 30 percent per year, an achievement probably unequaled in U.S. business. 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thomas j watson jr obituary

System/360, a compatible multiple model system, was revolutionary. Watson became chief executive officer a few months before the death of his father, who started IBM in 1914, the same year Watson was born in Dayton, Ohio. . Age 97. He also changed IBM's management style and invested in new plants and laboratories. Instead, each component was sold separately. He began as a sales trainee that fall, after spending the summer of 1937 traveling to Asia, Germany, and Russia. Watson applied to enter Princeton University but was rejected for poor grades. But, according to the company biography, the early devices were seen as cantankerous, one-of-a kind monsters, and IBM was reluctant to alter substantially the strategies that had brought it success. The father's stiff collar yielded to the button-down favored by the son. In 1946, six months after returning, Mr. Watson was made a vice president. Things got weird fast, Venture capital firms form pact to zero out greenhouse emissions, Price war? Survivors include his wife of 66 years, Vesta I. Brewrink of the Collington Life Care Center; two sons, Robert L. and Howard P. Brewrink, both of Berwyn Heights; seven grandchildren; and 11 great-grandchildren. d. Bryn Mawr, Pennsylvania, 3 June 1995), electrical engineering, computer en, Dell, Michael S. 1965 Watson became the aide-de-camp of Major General Follett Bradley. "Thomas J. Watson, Jr Recognized the potential of electronics in information handling and drove IBM's transition from punched card tabulators and clocks to transistors and integrated circuits. In 1949, Mr. Brewrink was promoted to primary patent examiner in the Patent Office. James Ladd Brewrink, 88, a retired member of the U.S. Board of Patent Appeals, died of congestive heart failure Dec. 21 at Doctors' Community Hospital in Lanahm. Funeral & Cremation St. John's United Methodist Cemetery. In May 1956, four years after becoming IBM's president, Thomas J. Watson, Jr., succeeded his father as chief executive officer. John H. Patterson, head of the company, was so impressed with it that he ordered copies for every office in his organization. When he recovered, Watson and his crew sailed around Newfoundland. Custodial Death Reports Press. More. World Trade Corporation, of which he was also board chairman, on May 28. Leave your condolences to the family on this memorial page or send flowers to show you care. The late President Franklin D. Roosevelt named Mr. Watson United States Commissioner General to the 1937 International Exposition in A typical entry lists information in the following sequence: Name, age, country of citizenship at birth, subsequent country of citizenship (if applicable), reason for notability, cause of death (if known), and reference. Price of Newark; two daughters, Jarmila L. Price of Los Angeles, and Cecil Bolen of Pittsburgh; and three grandchildren. Watson knew he wanted to fly planes for his country, but wanted to avoid flight school and military discipline. Watson recalled in his autobiography, Father, Son & Co. Visitation will be held on Friday, February 24, 2023 from 12:00 pm View full obituary IDELLA JACOBS Send Flowers Send Sympathy Gifts September 28, 1921 - February 13, 2023 Encyclopedia.com. Watson became a vice president, one of only five, in 1946.By 1950, Watson and Al Williams were running the company, with Thomas Watson, Sr. occasionally making a major decision. The couple also had five daughters. This concern may have been one reason why he supported social welfare programs. View. 2023 . . Up until that time, computer manufacturers had built specific computer systems for specific clients. Thomas proudly served in the US Army during the Vietnam War. One of his proudest "selling" jobs was the negotiation of a $40,000 loan, without Judge Fletcher B. Watson IV is the present incumbent. He resides at the Whittle Street Watson home, on a ridge above Cherrystone Creek, that was built in 1894 by the first Fletcher Bangs Watson, a veteran of the Civil War. Prior to that time the family had lived in the Scotchmans old homestead. He had retired in 1971 after a heart attack and later served as ambassador to the Soviet Union. WebOCDA ISSUES DEPENDENT DESTRUCTION REPORT - Jason Ray John . In this expectation Watson seems to have been correct; by 1980 IBM had vigorous competition from numerous U.S. companies. You will receive an e-mail daily when a guest leaves a tribute on this obituary. . In the early 1950s, Watson worried about the UNIVAC computer, produced by Remington Rand. When Carter lost the election to Ronald Reagan, Watson's stint in diplomacy ended. His territory was Wall Street, where he set records but was plagued by doubts as to whether he got special help as the boss's son. In 1955, he gave $1,000,000 to the Genesee (N. 1969, the Justice Department filed an antitrust complaint accusing IBM of monopolizing the computer industry. Beloved wife of the late Albert Owen. Conference of the Methodist Church. Encyclopedia of World Biography. Mr. Price, who lived Washington, was born in Bessemer, Ala., and grew up in Jackson, Ga. Thomas Joseph Watson. Anna L. Watson (nee Bowen) On April 29, 2023 of Sicklerville. In the 1920s, Thomas Watson, Sr. became chief executive officer and renamed the company IBM. Keep reading with unlimited digital access. Together they traveled to Moscow where they set up the Alaska-Siberia ferry route to bring planes to the Soviets. employes to gaze in almost any direction without losing sight of the admonition reference room. Watson led IBM through the longest and most spectacular growth in modern business history. Development took longer and cost more than expected, with hundreds of computer programmers having to write millions of lines of code. WebSearching obituaries is a great place to start your family tree research. Those, he said, must be adhered to. Its rentals were estimated at $100,000,000 annually. It grew from about $700 million in annual revenue to $7.5 billion during his tenure as chief executive. Eleanor Mae Ellie (Watson) Horan died peacefully at home, on April 28, 2023 surrounded by her loving family after a courageous battle with cancer. He was 79. 27 Apr. Obituaries can vary in the amount of information they contain, but many of them are genealogical goldmines, In addition, his life was marked by years of struggle at home and at work with a father at least as energetic, hot-tempered and demanding as he was. The System/360 faced significant obstacles. Edit your search or learn more. Thomas Watson Jr passed away at age 10 years old on June 26, 1997. The effect of this conference was such that Mr. Watson was ever afterward a champion of the catchword and of the idea that one of the chief duties of a supervisor is the encouragement of those below him. Thomas J. Watson Jr., who brought International Business Machines--the firm founded by his father--from the age of typewriters into the era of Born in Jersey City, New Jersey, he resided in Patchogue and East Patchogue for the past 55 years. Some of America's greatest cultural heroes are its basement inventors and self-made business owners. Scribner Encyclopedia of American Lives, Thematic Series: The 1960s. Mr. Watson was credited with making them. Built IBM into a divisionalized and professionally-managed high technology enterprise. The shirts remained white. Although Watson could be harsh, he tried to loosen things up at IBM. The younger Watsons contributions were hailed at the companys annual meeting in April: Perhaps the most important legacy of his leadership can be summarized in just three words, IBM means service, IBM Chairman Louis V. Gerstner said at the time. Dr. Paul A. Wolfe will officiate. Wang Laboratories, Inc. The Rev. Corrections? of job all their lives. Thomas J. Watson, Jr., on January 17, 2013, of Pine Hill, formerly of Bellmawr. Watson approved of the innovations because he felt IBM needed change. 550 and president of the local chapter of the Paine College Alumni Club. After Watson left the company in 1971, he pursued a variety of interests outside IBM, including aviation, sailing, travel and public service. Watson adopted Spado under Maine law in 1991. The company has 60,000 employes. Terry Pegulas ask was simple, direct and humble: The Buffalo Bills and Buffalo Sabres owner, speaking in a recorded video message, asked fans, The national effort to shed a greater spotlight on what advocates believe is improper content available to children in school libraries has ta. . He had a personal fleet that included a Lear jet, a Breezy, a Twin King Air, a Taylor Cub, and a Bell jet 206 helicopter. The Watsons later had two daughters, Jane and Helen, and another son, Arthur. engine, and gave IBM its international dimension.". Loving brother of Patrick Watson, Ann Domanick and the late Michael Watson. He was 79. In 1952, the Government started a civil antitrust suit against I.B.M., charging that the corporation owned His evenings were spent drinking and dancing in nightclubs. By 1969 IBM computers accounted for about 70 percent of all computers sold. In 1979, Watson became the U.S. ambassador to Moscow. When Watson went to a bar for a drink after school, the bartender asked "Doesn't your father have a big policy about liquor?" A biography of Mr. Watson prepared by the company credits many IBM employees and executives for the company's phenomenal growth in those years. 8 January 1914 in Dayton, Ohio; d. 31 December 1993 in Greenwich, Connecticut), businessman whose foresight and decisiveness built International Business Machines (IBM) from a prosperous $700-million-per-year general business supplies and keypunch machine company into "Big Blue," a multibillion-dollar-per-year company that dominated the world market for computers. It was surpassed that year only by the $704,425 received by Louis B. Mayer, On his return from his ambassadorship, Watson began speaking and writing about arms control. antitrust officials haled it into court. Mr. Watson's wide civic activities ranged from the presidency of the old Merchants Association here to host for city celebrations for kings, presidents and dignitaries of many descriptions. ", Mr. Watson was born in Dayton, Ohio, on Jan. 8, 1914, and grew up in Short Hills, N.J., where he was surrounded by the suburban trappings of money and privilege and earned a reputation as a bit of a brat. Under his leadership, IBM entered the computer market, focusing on sales, service, and adaptation. During five years of service, he rose from private to lieutenant colonel. Also survived by many nieces and nephews. Gene was a long time resident of Dallas and owner of Ginger's Petals and Bows in Mesquite. In 1956, he joined the staff of the Board of Patent Appeals, and in 1958 he was named a member of it by President Eisenhower. WebIEEE Annals of the History of Computing. To stimulate himself and others, Mr. Watson had a "THINK" sign made-- the first of thousands--and hung it in the conference room. The clouds of doom never gathered on Mr. Watson's horizon. April 4, 2014. Thomas J. Watson Jr., who followed in his father's footsteps as head of the International Business Machines Corp. and pushed the company into the computer era, died Friday. officer. 8 January 1914 in Dayton, Ohio; d. 31 December 1993 in Greenwich, Connecticut), businessman whose foresight and Thomas J. Watson, Jr., succeeded his father as chief executive Watson's management style differed from his father's. April 4, 2014. Under his leadership, IBM undertook the SAGE (Semi-Automatic Ground Environment) project for the U.S. Air Force, which involved setting up radar stations across North America and linking them via computers; this was the beginning of real-time data processing. machines, pianos and organs. Thomas J. Watson Sr., who built the fabulous International Business Machines Corporation, died of a heart attack yesterday in Roosevelt Hospital. ." He settled on the idea behind System/360, the most revolutionary change in the designing and marketing of computers before the development of the Apple personal computer. OCDA ISSUES CUSTODIAL DEATH REPORT - Carlos Lopez . In 1974, he made a major voyage off the coast of Greenland, over 500 miles above the Arctic Circle. Mr. Hennessey, who was born in Springfield, Mass., was a 1931 graduate of the College of the Holy Cross and a 1934 graduate of Harvard University law school. He served in the Army Air Forces during World War II, ferrying aircraft around the world, logging thousands of miles on flights that included taking big aircraft over the Himalayas and into Moscow. IBM was being pressed hard by the Japanese manufacturers Fujitsu and NEC, and Watson feared that the ability of its individual divisions to compete against these giants would be lost if IBM was broken up. Chairman, Dell Inc. The San Jose center became known for its informality and unusual methods of problem solving. Thomas J. Watson Jr., who brought International Business Machines--the firm founded by his father--from the age of typewriters into the era of computers, died Friday. During the Korean War, IBM developed the 701 Data Processing Machine (also known as the Defense Calculator) for the U.S. military, and in 1954 it offered a business version of the machine, the IBM 702, which pioneered the use of transistors instead of vacuum tubes for calculating. He also was chief of the defense applications division. WebSee all obituaries for Joseph Watson. Watson died of complications following a stroke on December 31, 1993 in Greenwich, Connecticut. I.B.M. . In 1954, the company started delivering a small business computer, the 650, which could perform complex accounting operations. Fax: (513)445-1418 (UNKNOWN), Male, 1871 - 1941 (UNKNOWN), Female, 1889 - 1945 (UNKNOWN), Male, 1919 - 1931 (UNKNOWN), Male, d. 12/20/2007, Thomas Joseph Byrne, 87, Wake Forest, died Thursday, Dec. 20, 2007, at his home. "Watson, Thomas John, Jr. Watson also decentralized the company's administration, encouraged more research and development, and increased the company's debt. Mr. Brewrink, who lived at the Collington Life Care Center in Mitchellville, was born in Pullman, Wash. The attached photos are added to the He served on several committees and commissions, including the Advisory Committee on Labor-Management Policy, which dealt with unemployment, and the Peace Corps steering committee. WebIEEE Annals of the History of Computing. He was stationed at the Defense Logistics Agency in Alexandria when he retired in 1979. One month later, his father died. For the customer, Mr. Watson saw to it that new machines were devised to meet new needs and new needs were discovered to stimulate the sale of new and old machines. flying, Watson spent his time at college drinking and socializing. And France's Le Monde said that Paris. Watson had trouble reading and had little self-confidence. 2), edge rusher Ernest Willor Jr. (3) and cornerback Ellis Robinson (5). A friend of Presidents, Mr. Watson helped to bring General of the Army Dwight D. Eisenhower to Columbia as president. Encyclopedia.com. He received a law degree from Georgetown University. Public Company One Industrial Avenue capitalist who ever lived." That meant hiring engineers by the thousands and spending dollars by the tens of millions on new factories and labs. The conflicts and achievements are chronicled in Mr. Watson's autobiography, written with Peter Petre and published in 1990, called "Father, Son & Co.", In that book, Mr. Watson wrote: "Father and I played out our rivalry and our love for each other in the great American business that he created. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Mr. Watson served for five years as a pilot in the U.S. Army Air One of IBM's big selling points was the service that it provided for its machines and the software programs that were unique to its various clients. Watson's A Business and Its Beliefs (1963) offers insight into his thinking when IBM was growing by as much as 30 percent in wealth per year. Scribner Encyclopedia of American Lives, Thematic Series: The 1960s. During the 1960s IBM's revenues had risen by 30 percent per year, an achievement probably unequaled in U.S. business.

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