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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".
The technology icon’s core values, philosophies and culture date back to the merger of three companies at the turn of the 20th century. In June of 1911, a financier and businessman named Charles Ranlett Flint put the finishing touches on a fateful merger.
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.
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.
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.
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 (1850-1934) was a financial capitalist, merchant and industrial consolidator. He entered the shipping business and worked for commission merchants in New York City. Popularly known as the "Father of Trusts", he was responsible for many industrial consolidations and mergers.
