The Greatest Capitalist Who Ever Lived


Book Description

The enduring story of Thomas Watson Jr.—a figure more important to the creation of the modern world than Rockefeller, Vanderbilt, and Morgan Nearly fifty years into IBM’s existence, Thomas Watson Jr. undertook the biggest gamble in business history when he “bet the farm” on the creation of the IBM System/360, the world’s first fully integrated and compatible mainframe computer. As CEO, Watson drove a revolution no other company—then or now—would dare, laying the foundation for the digital age that has transformed every society, corporation, and government. The story of Watson being “present at the creation” of the digital age is intertwined with near-Shakespearean personal drama. While he put IBM and its employees at risk, Watson also carried out a family-shattering battle over the future of the company with his brother Dick. This titanic struggle between brothers led to Dick’s death and almost killed Watson Jr. himself. Though he was eventually touted by Fortune magazine as “the greatest capitalist who ever lived,” Watson’s directionless, playboy early years made him an unlikely candidate for corporate titan. How he pulled his life together and, despite personal demons, paved the way for what became a global industry is an epic tale full of drama, inspiration, and valuable lessons in leadership, risk-taking, and social responsibility.




Father, Son & Co.


Book Description

In this eloquent first-person account of a family drama that changed the face of American business, the man who transformed IBM into the world's largest computer company reflects on his lifelong partnership with his father--and how their management style and shared dedication to excellence united to create a unique corporate culture that became the blueprint for the entire technology boom. In the course of sixty years Thomas J. Watson Sr. and his son, Thomas J. Watson Jr., together built the international colossus that is IBM. This is their story: a riveting and revealing account of two men who loved each other--and fought each other--with a terrible fierceness. But along with the story of a father and son, this is IBM's story too. It chronicles the management insights that shaped its course and its unique corporate culture, the style that made Thomas Watson Sr. one of America's most charismatic bosses, and the daring decisions by Thomas Watson Jr. that transformed IBM into the world's largest computing company. One of the greatest business-success stories of all time, Father, Son & Co. is a moving lesson for fathers who dream for their children, as well as a testament to American ingenuity and values, told in a disarmingly frank and eloquent voice. Promising to remain an important business reference as we move into the next century, FATHER, SON & CO. takes a look at the management insight that helped to shape IBM's course and unique corporate culture. It looks at Watson, Sr., one of America's most charismatic bosses, and Watson, Jr., who spurred IBM into the computer age. Ten years after its original publication, FATHER, SON & CO. remains a uniquely honest book. Watson's willingness to write about the loving but ferociously combative relationship he had with his father and the turbulent battles behind some of IBM's most far-reaching decisions gives readers rare insights into the realities of leadership. -->




Summary of Ralph Watson McElvenny's The Greatest Capitalist Who Ever Lived


Book Description

Get the Summary of Ralph Watson McElvenny's The Greatest Capitalist Who Ever Lived in 20 minutes. Please note: This is a summary & not the original book. "The Greatest Capitalist Who Ever Lived" by Ralph Watson McElvenny chronicles the life and career of Thomas John Watson Jr., who inherited the mantle of IBM from his father, Thomas Watson Sr. Watson Sr. rose from poverty and overcame early career setbacks to instill a culture of salesmanship, personal achievement, and employee welfare at IBM. Watson Jr., despite a privileged yet troubled upbringing and a strained relationship with his father, eventually embraced his role at IBM, bringing newfound confidence and leadership skills honed during his military service in WWII...




The Maverick and His Machine


Book Description

The first complete look at one of America's legendary business leaders This groundbreaking biography by Kevin Maney, acclaimed technology columnist for USA Today, offers fresh insight and new information on one of the twentieth century's greatest business figures. Over the course of forty-two years, Thomas J. Watson took a failing business called The Computer-Tabulating-Recording Company and transformed it into IBM, the world's first and most famous high-tech company. The Maverick and His Machine is the first modern biography of this business titan. Maney secured exclusive access to hundreds of boxes of Watson's long-forgotten papers, and he has produced the only complete picture of Watson the man and Watson the legendary business leader. These uncovered documents reveal new information about how Watson bet the company in the 1920s on tabulating machines-the forerunners to computers-and how he daringly beat the Great Depression of the 1930s. The documents also lead to new insights concerning the controversy that has followed Watson: his suppos ed coll usion with Adolf Hitler's Nazi regime. Maney paints a vivid portrait of Watson, uncovers his motivations, and offers needed context on his mammoth role in the course of modern business history. Jim Collins, author of the bestsellers Good to Great and Built to Last, writes in the Foreword to Maney's book: "Leaders like Watson are like forces of nature-almost terrifying in their release of energy and unpredictable volatility, but underneath they still adhere to certain patterns and principles. The patterns and principles might be hard to see amidst the melee, but they are there nonetheless. It takes a gifted person of insight to highlight those patterns, and that is exactly what Kevin Maney does in this book." The Maverick and His Machine also includes never-before-published photos of Watson from IBM's archives, showing Watson in greater detail than any book ever has before. Essential reading for every businessperson, tech junkie, and IBM follower, the book is also full of the kind of personal detail and reconstructed events that make it a page-turning story for general readers. The Maverick and the Machine is poised to be one of the most important business biographies in years. Kevin Maney is a nationally syndicated, award-winning technology columnist at USA Today, where he has been since 1985. He is a cover story writer whose story about IBM's bet-the-company move gained him national recognition. He was voted best technology columnist by the business journalism publication TJFR. Marketing Computers magazine has four times named him one of the most influential technology columnists. He is the author of Wiley's MEGAMEDIA SHAKEOUT: The Inside Story of the Leaders and the Losers in the Exploding Communications Industry, which was a Business Week Bestseller. Residence: Clifton, VA . "Watson was clearly a genius with a thousand helpers, yet he managed to build an institution that could transcend the genius."-from the Foreword by Jim Collins "Like all great biographers, Kevin Maney gives us an engaging story . . .his fascinating and definitive book about IBM's founder is replete with amazing revelations and character lessons that resonate today."-Rosabeth Moss Kanter, Harvard Business School, bestselling author of Evolve! and When Giants Learn to Dance




Pacific Passage


Book Description

When Thomas J. Watson, Jr. retired as chief executive officer of IBM in 1971, he began to pursue sailing, flying and exploring adventures he had dreamed about during his successful decades in business. One of the sailing and exploring adventures was a Panamato-Fiji passage through the South Pacific, and in this book he writes a charming, candid, erudite account of that sojourn in a part of the world we all dream about. A book for sailors and travelers, Pacific Passage takes us to Cocos Island, the Galapagos, Easter Island, Pitcairn, the Gambiers and Mangareva, the Tuamotus, Tahiti and Moorea, the Cook Islands, Samoa, Tonga and Fiji. And 72 color illustrations bring the lush, exotic South Seas to this book's oversize pages with great impact.




The Millionaires' Unit


Book Description

In 1916, just thirteen years after the Wright brothers’ first flight, a group of twenty-eight college students, nearly all of them from Yale, decided to try the new sport of motorized flight and formed a campus flying club. The boys had more than fun in mind. Believing that America would soon enter the war raging in Europe, they wanted to help their woefully unprepared nation (which at the time had an air force smaller than Bulgaria’s) ready itself for what was sure to be a hard fight. Most were just teenagers, but they were also the sons of America’s early 20th century aristocracy - one a Rockefeller, one whose father headed the Union Pacific railroad empire, others who traced their roots to the Mayflower, several who counted friends and relatives among Presidents and statesmen - and all fabulously wealthy. These sons of the elite were schooled in heroism even before their nation called upon them. America was going to go to war: they would lead the way; they knew that it could cost many lives; and that just made it all the more right that they be the first to fly into battle. This is their story. 'Vivid descriptions of aerial combat ...but the true pleasure of this book is in his portraits of the six principal players and his elucidation of their deep-rooted sense of patriotic duty and camaraderie' Daily Telegraph




1941: Fighting the Shadow War


Book Description

“A wide-ranging examination of America’s entry into World War II.” —Kirkus Reviews, starred review In 1941: Fighting the Shadow War, A Divided America in a World at War, historian Marc Wortman thrillingly explores the little-known history of America’s clandestine involvement in World War II before the attack on Pearl Harbor. Prior to that infamous day, America had long been involved in a shadow war. Winston Churchill, England’s beleaguered new prime minister, pleaded with Franklin D. Roosevelt for help. FDR concocted ingenious ways to come to his aid, without breaking the Neutrality Acts. Launching Lend-Lease, conducting espionage at home and in South America to root out Nazi sympathizers, and waging undeclared war in the Atlantic, were just some of the tactics with which FDR battled Hitler in the shadows. FDR also had to contend with growing isolationism and anti-Semitism as he tried to influence public opinion. While Americans were sympathetic to those being crushed under Axis power, they were unwilling to enter a foreign war. Wortman tells the story through the eyes of the powerful as well as ordinary citizens. Their stories weave throughout the intricate tapestry of events that unfold during the crucial year of 1941. Combining military and political history, Wortman’s “brisk narrative takes us across nations and oceans with a propulsive vigor that speeds the book along like a good thriller” (The Wall Street Journal). “A fascinating narrative of a domestic conflict presaging America’s plunge into global war.” —Booklist, starred review




The Sages


Book Description

Throughout the violent financial disruptions of the past several years, three men have stood out as beacons of judgment and wisdom: Warren Buffett, George Soros, and Paul Volcker. Though their experiences and styles vary -- Buffett is the canny stock market investor; Soros is the reader of shifting global tides in trade and currencies; and Volcker is the regulator and governor, sheriff and clean-up crew -- they have very much in common. All three men have more than fifty years of deep involvement in markets. All are skeptical of Wall Street frenzies. They believe that markets tend to be right, but usually only over the medium term. They have seen too many cycles of herd-driven, emotion-riding booms and busts to make their views hostage to the sweeping and simplistic assumptions of "efficient-markets" models. With the benefit of his own deep understanding of markets and finance, Morris brilliantly analyzes the records of these men, distilling their wisdom and experience -- and argues for the importance of consistent values in navigating the treacherous terrain of today's globalized world.




The Richest Man Who Ever Lived


Book Description

“A colorful introduction to one of the most influential businessmen in history” (The New York Times Book Review), Jacob Fugger—the Renaissance banker “who wrote the playbook for everyone who keeps score with money” (Bryan Burrough, author of Days of Rage). In the days when Columbus sailed the ocean and Da Vinci painted the Mona Lisa, a German banker named Jacob Fugger became the richest man in history. Fugger lived in Germany at the turn of the sixteenth century, the grandson of a peasant. By the time he died, his fortune amounted to nearly two percent of European GDP. In an era when kings had unlimited power, Fugger dared to stare down heads of state and ask them to pay back their loans—with interest. It was this coolness and self-assurance, along with his inexhaustible ambition, that made him not only the richest man ever, but a force of history as well. Before Fugger came along it was illegal under church law to charge interest on loans, but he got the Pope to change that. He also helped trigger the Reformation and likely funded Magellan’s circumnavigation of the globe. His creation of a news service gave him an information edge over his rivals and customers and earned Fugger a footnote in the history of journalism. And he took Austria’s Habsburg family from being second-tier sovereigns to rulers of the first empire where the sun never set. “Enjoyable…readable and fast-paced” (The Wall Street Journal), The Richest Man Who Ever Lived is more than a tale about the most influential businessman of all time. It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the one percent and everybody else. “The tale of Fugger’s aspiration, ruthlessness, and greed is riveting” (The Economist).




Saving Capitalism


Book Description

From the author of Aftershock and The Work of Nations, his most important book to date—a myth-shattering breakdown of how the economic system that helped make America so strong is now failing us, and what it will take to fix it. Perhaps no one is better acquainted with the intersection of economics and politics than Robert B. Reich, and now he reveals how power and influence have created a new American oligarchy, a shrinking middle class, and the greatest income inequality and wealth disparity in eighty years. He makes clear how centrally problematic our veneration of the “free market” is, and how it has masked the power of moneyed interests to tilt the market to their benefit. Reich exposes the falsehoods that have been bolstered by the corruption of our democracy by huge corporations and the revolving door between Washington and Wall Street: that all workers are paid what they’re “worth,” that a higher minimum wage equals fewer jobs, and that corporations must serve shareholders before employees. He shows that the critical choices ahead are not about the size of government but about who government is for: that we must choose not between a free market and “big” government but between a market organized for broadly based prosperity and one designed to deliver the most gains to the top. Ever the pragmatist, ever the optimist, Reich sees hope for reversing our slide toward inequality and diminished opportunity when we shore up the countervailing power of everyone else. Passionate yet practical, sweeping yet exactingly argued, Saving Capitalism is a revelatory indictment of our economic status quo and an empowering call to civic action.