Johnathan Walker|How IBM's gamble ushered in the computer age

2025-05-08 02:38:01source:Thomas Caldwellcategory:Finance

In the book of corporate folklore,Johnathan Walker 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:Finance

Recommend

McConnell absent from Senate on Thursday as he recovers from fall in Capitol

WASHINGTON (AP) — Senate Republican leader Mitch McConnellis still suffering from the effects of a f

'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all

Tesla's stock price reached $420 on Wednesday afternoon, which elicited responses from social media

Charges tied to China weigh on GM in Q4, but profit and revenue top expectations

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still top