Current:Home > StocksHow IBM's gamble ushered in the computer age -Momentum Wealth Path
How IBM's gamble ushered in the computer age
View
Date:2025-04-12 22:59:54
In the book of corporate folklore, former IBM CEO Thomas Watson Jr. deserves a special spot. Specifically, the massive gamble he took in 1964 to introduce the System/360, which had the potential to undermine his own company's entire business model. Today on the show, an interview with author Marc Wortman on what Watson Jr.'s decision reveals about the fragile relationship between innovation and destruction.
Marc Wortman is co-author of the new book The Greatest Capitalist Who Ever Lived: Tom Watson, Jr., and the Epic Story of How IBM Created the Digital Age.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (3113)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Salmon slices sold at Kroger and Pay Less stores recalled for possible listeria
- EA Sports College Football 25 defense rankings: Check out ratings for top 25 teams
- Bronny James drafted by Lakers in second round of NBA draft
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Female capybara goes to Florida as part of a breeding program for the large South American rodents
- Edmonton Oilers, general manager Ken Holland part ways
- Survivor of Parkland school massacre wins ownership of shooter’s name in lawsuit settlement
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- New law guarantees domestic workers minimum wage in Rhode Island
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- 'Buffy' star Sarah Michelle Gellar to play 'Dexter: Original Sin' boss
- FACT FOCUS: Here’s a look at some of the false claims made during Biden and Trump’s first debate
- Arizona wound care company charged for billing older patients about $1 million each in skin graft scheme
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- West Virginia University Provost Reed becomes its third top administrator to leave
- Mia Goth and Ti West are on a mission to convert horror skeptics with ‘MaXXXine’
- Three biggest surprise picks from first round of 2024 NBA draft
Recommendation
Highlights from Trump’s interview with Time magazine
First officer is convicted of murder since Washington state law eased prosecution of police
Ever feel exhausted by swiping through dating apps? You might be experiencing burnout
Judge sentences man to life in prison for killing St. Louis police officer
See you latte: Starbucks plans to cut 30% of its menu
Boa snake named Ronaldo has 14 babies after virgin birth
Wildfires rage across three states as evacuations, searches continue
How do bees make honey? A scientist breaks down this intricate process.