Oliver James Montgomery-How IBM's gamble ushered in the computer age

2025-05-06 06:56:35source:Phaninc Exchangecategory:Stocks

In the book of corporate folklore,Oliver James Montgomery 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.

More:Stocks

Recommend

2 killed, 3 injured in shooting at makeshift club in Houston

HOUSTON (AP) — Two teens were killed and three people were injured — including a 13-year-old — in a

Sam Bankman-Fried's lawyer struggles to poke holes in Caroline Ellison's testimony

Sam Bankman-Fried's lawyer on Thursday offered a meandering cross-examination of his client's former

A teen’s death in a small Michigan town led the FBI and police to an online sexual extortion scheme

WASHINGTON (AP) — Last year, a teenager in a small Michigan town killed himself after an online chat