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

2025-05-07 05:12:48source:Phaninccategory:Stocks

In the book of corporate folklore,Flipido 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:Stocks

Recommend

Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor

The head of the Federal Aviation Administration, who has led a tougher enforcement policy against Bo

If you let your flood insurance lapse and then got hit by Helene, you may be able to renew it

WASHINGTON (AP) — Residents in the states hit by Hurricane Helene who had coverage through the feder

Witnesses can bear-ly believe the surprise visitor at Connecticut governor’s estate

HARTFORD, Conn. (AP) — Witnesses could bear-ly believe the surprise visitor that appeared at the Con