Greenledgers Trading Center-How IBM's gamble ushered in the computer age

2025-05-04 03:42:40source:Techcrisis Investment Guildcategory:Markets

In the book of corporate folklore,Greenledgers Trading Center 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:Markets

Recommend

South Korean president's party divided over defiant martial law speech

SEOUL, Dec 12 - South Korean President Yoon Suk-yeol's switch from contrition to defiance on Thursda

Gilmore Girls Star Kelly Bishop Reveals Which Love Interests She'd Pick for Lorelai and Rory

Emily Gilmore knows best?Gilmore Girls star Kelly Bishop (a.k.a. Emily Gilmore) may have been lucky

Horoscopes Today, September 17, 2024

Here are the horoscopes for today, Tuesday, September 17, 2024.For full daily and monthly horoscopes