Search results
Charles Ranlett Flint. 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". [1] [2] He was an avid sportsman and member of the syndicate that built the yacht Vigilant, that was the ...
- Computer King
- Financial capitalist - founder of Computing-Tabulating-Recording Company
- January 24, 1850, Thomaston, Maine, U.S.
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 become IBM.
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.
- February 14, 1924; 99 years ago
- Business machines
- June 16, 1911; 112 years ago
- Renamed as International Business Machines
Mar 27, 2024 · Charles Ranlett Flint clearly led an unconventionally active life right up until passing quietly in 1934 just shy of his 84th birthday. Considering the elderly standards of his era, he thrived both physically and financially far longer than any peer thanks to the vitality of goals still ahead to accomplish.
Charles Ranlett Flint, who had engineered the amalgamation (via stock acquisition) forming the Computing-Tabulating-Recording Company (CTR) found it difficult to manage the five companies. He hired Watson as general manager on May 1, 1914, when the five companies had about 1,300 employees.
- Thomas John Watson, February 17, 1874, Campbell, New York, U.S.
- Chairman and CEO of IBM 1914–1956
- June 19, 1956 (aged 82), Manhattan, New York City, U.S.
Charles Ranlett Flint was the founder of the Computing-Tabulating-Recording Company which later became IBM. For his financial dealings, he earned the moniker "Father of Trusts". He was an avid sportsman and member of the syndicate that built the yacht Vigilant, that was the U.S. defender of the eighth America's Cup and was the owner of the yacht Gracie.
Bio/Description. In 1868, Charles Flint graduated from the Polytechnic Institute in Brooklyn, and in 1871 entered the shipping business as a partner in Gilchrest, Flint & Co., and later W.R. Grace & Co. after a merger. From 1876 to 1879, he served as the Chilean consul at New York City. He also served as consul general to the United States for ...
