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Charles Ranlett Flint (January 24, 1850 – February 26, 1934) was the founder of the Computing-Tabulating-Recording Company which later became IBM. For his financial dealings, he earned the moniker "Father of Trusts".
In June of 1911, a financier and businessman named Charles Ranlett Flint put the finishing touches on a fateful merger. The new business, which consolidated the Hollerith Tabulating Machine Company with two other market-leading purveyors of data-processing technologies, was called the Computing-Tabulating-Recording Company; later, it would ...
Mar 27, 2024 · The American industrialist Charles Ranlett Flint pioneered the corporate "trust" model at the turn of the 20th century, orchestrating sweeping consolidations across shipping, rubber, chewing gum and office technology firms.
Charles Ranlett Flint had already created several successful consolidations, including creating industrial giant U.S. Rubber. Flint amalgamated the four companies into the new CTR holding company. CTR had a bonded indebtedness of $6.5 million, three times its current assets, of which the Guaranty Trust Company had loaned $4 million.
When Watson was recruited by Charles Ranlett Flint in 1914 to join the Computing-Tabulating Recording Company, the precursor to IBM, the company had been badly underperforming expectations.
1934 February 26. Gender: Male. Noted For: Founder of the Computing-Tabulating-Recording Company which would later become IBM. Category of Achievement: Business Entrepreneur.
Charles Ranlett Flint (January 24, 1850 – February 26, 1934) was the founder of the Computing-Tabulating-Recording Company which later became IBM. For his financial dealings, he earned the moniker "Father of Trusts".
