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Charles Ranlett Flint (January 24, 1850 – February 26, 1934) was the founder of the Computing-Tabulating-Recording Company which later became IBM. For his financial dealings, he earned the moniker "Father of Trusts".
Mar 27, 2024 · The American industrialist Charles Ranlett Flint pioneered the corporate "trust" model at the turn of the 20th century, orchestrating sweeping consolidations across shipping, rubber, chewing gum and office technology firms.
In June of 1911, a financier and businessman named Charles Ranlett Flint put the finishing touches on a fateful merger. The new business, which consolidated the Hollerith Tabulating Machine Company with two other market-leading purveyors of data-processing technologies, was called the Computing-Tabulating-Recording Company; later, it would ...
Charles Ranlett Flint (January 24, 1850 – February 26, 1934) was the founder of the Computing-Tabulating-Recording Company which later became IBM. For his financial dealings, he earned the moniker "Father of Trusts".
Charles Ranlett Flint (1850-1934), financial capitalist, merchant and industrial consolidator was born in Thomaston, Maine, the son of Benjamin Chapman, a shipbuilder and operator, and Sarah Tobey Flint.
Charles Ranlett Flint (1850-1934) was a financial capitalist, merchant and industrial consolidator. He entered the shipping business and worked for commission merchants in New York City. Popularly known as the "Father of Trusts", he was responsible for many industrial consolidations and mergers.
May 11, 2003 · Somehow, in 1914, he nevertheless persuaded an unreconstructed trust-builder named Charles Ranlett Flint to hire him to try to save a rickety business-machine trust that Flint had assembled in...
A founding philosophy. Watson takes THINK to C-T-R and then IBM. When Watson was recruited by Charles Ranlett Flint in 1914 to join the Computing-Tabulating Recording Company, the precursor to IBM, the company had been badly underperforming expectations.
His biggest achievement came in 1911 when he successfully merged four companies to form the CTR or Computing-Tabulating-Recording Company. In 1924, the company was re-christened as International Business Machines and went on to dominate the computer industry in the USA for several decades.
Charles Ranlett Flint had already created several successful consolidations, including creating industrial giant U.S. Rubber. Flint amalgamated the four companies into the new CTR holding company. CTR had a bonded indebtedness of $6.5 million, three times its current assets, of which the Guaranty Trust Company had loaned $4 million.
