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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".
- Computer King
- Financial capitalist - founder of Computing-Tabulating-Recording Company
- January 24, 1850, Thomaston, Maine, U.S.
Mar 27, 2024 · This watershed moment more than quadrupled yearly revenues from an initial $3 million to over $13 million by 1900. Flint had taken control of nearly all rubber fabrication across the land, earning the nickname "The Rubber King" as he commercialized everything from shoe soles to raincoats to carriage tires.
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 ...
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 1911.
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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.
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 had already created several successful consolidations, including creating industrial giant U.S. Rubber. Flint amalgamated the four companies into the new CTR holding company. [32] [33] [34] CTR had a bonded indebtedness of $6.5 million, three times its current assets, of which the Guaranty Trust Company had loaned $4 ...
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