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Sebastian Ritscher
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THE GREATEST CAPITALIST WHO EVER LIVED

Ralph Watson McElvenny Marc Wortman

Thomas Watson Jr. and the Epic Story of the Creation of the World's Most Successful Industry

The Greatest Capitalist Who Ever Lived is a riveting, first-ever, sweeping biography of Thomas Watson, Jr. - more important to the history and development of the modern world than Vanderbilt, Morgan, Rockefeller, and Carnegie - who risked everything, personally and professionally, to reinvent IBM and launch the computer age that created the world we live in today.
Ralph Watson McElvenny is the oldest grandson of Thomas J. Watson Jr., which provides him unique access to family members, key associates and otherwise closed IBM corporate archives, as well as Watson's private papers. His story provides important lessons for leaders today on risk taking, leadership, and the responsibilities of the corporation. Watson's IBM business practices - from decision-making and team building to outsized R&D investment, and from leadership training, lifetime employment and respect for the individual to emphasis on corporate integrity - and his career continues to be studied today and has had profound influence around the globe, especially in China and Japan where the Watson name is revered.

Thomas Watson Jr. drove IBM to undertake the biggest gamble in business history with a revolution no other company of the age could dare - the creation in the 1960s of the IBM System/360, the world's first fully integrated and compatible mainframe computer that laid the foundation for the information technology future. Its success made IBM the most valuable company in America. Fortune magazine touted him as "the greatest capitalist who ever lived." Time named him one of the "One Hundred People of the Century."

Behind closed doors, Watson was a multifaceted, complicated man. As a young man, he was a failed student and playboy, an unlikely candidate for corporate titan. He pulled his life together as a courageous World War II pilot and took over IBM after his father's death. He suffered from anxiety and depression so overwhelming that he spent days prostrate and locked in a bathroom at home while IBM faced crisis after crisis. And he carried out a family-shattering battle over the future of IBM with his brother Dick, who expected to follow him as CEO.

But despite his many demons, he laid the foundation for what eventually became the global information technology industry, which dominates today's world. His story, and the industry he created, is equal to, if not more important than that of Rockefeller and Standard Oil, Vanderbilt and the railroads, and Morgan in finance.

Ralph Watson McElvenny is the oldest grandson of Thomas J. Watson Jr. Prior to working on the The Greatest Capitalist Who Ever Lived, he hosted an author book review podcast called "Intelligent Talk," for which he interviewed many leading nonfiction writers. Earlier, he worked at a large international real estate firm and as a private investor in multi-family houses and apartment buildings. He is a graduate of Brown University and St John's University School of Law.

Marc Wortman, an independent historian and freelance journalist, has written for many publications, including Vanity Fair, Smithsonian, Time, Air & Space, and The Daily Beast country and has appeared on CNN, NPR, C-SPAN BookTV, History Channel. He is the author of four books on American military and social history, most recently Admiral Hyman Rickover: Engineer of Power (Yale University Press, 2022). He has taught at Princeton and Quinnipiac Universities and a college program at a maximum security prison. He was the recipient of a New York Public Library Research Fellowship and was the 2014 Jalonick Memorial Distinguished Lecturer at the University of Texas Dallas. Following college at Brown University, he received a doctorate in comparative literature from Princeton University.
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Published 2023-10-01 by Public Affairs

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Published 2023-10-24 by Public Affairs

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A briskly told biography of Thomas J. Watson Jr., IBM's mid-20th-century CEO, makes clear that the history of the company offers much more than an object lesson about complacent Goliaths... IBM was remarkably prescient in making the leap from mechanical to electronic technologies, helping usher in the digital age. Read more...

Tortured by relations with both his father and his brother, Tom Watson Jr. managed to use his personal demons as fuel to build the company that launched the computer age and earn the epitaph from Fortune captured in the book's title: The Greatest Capitalist Who Ever Lived. His story is unflinching and makes for a highly readable history of both a man and a company that dominated much of the last half of the twentieth century. A real-life Succession drama.

Watson Jr. stands alongside Steve Jobs and Bill Gates in the pantheon of tech leaders who have changed our world. Anyone wanting to learn his methods of inspiring innovation and creativity in a modern American corporation must read The Greatest Capitalist Who Ever Lived.

Russia: Eksmo

The life and leadership of a patriotic, principled man who revolutionized technology, championed science, and built the model global enterprise. Watson Jr. transformed a business to embrace a digital revolution and did so with no blueprint to follow. His technological, strategic, and cultural moves became the gold standard for leaders across industries and nations. When leaders were not threatened by labels like 'being woke,' he rewarded shareholders and other stakeholders handsomely. A tough but compassionate leader, he boldly showed doing good is consistent with doing well. This compelling biography is no hagiography by friends and family but a starkly candid, inspiring saga of family distress, personal demons, sweeping vision, and industrial triumphs which should be read by every tech titan today as well as every aspiring entrepreneur.

A riveting tale, one well worth telling, that will be appreciated by fans of Succession. To the public, IBM once looked like that most staid of corporations, a bastion of suited yes-men with lifetime employment. Wortman and McElvenny tell the dramatic family saga behind that image. They also show even the 'greatest capitalist' sometimes worked alongside the federal government to produce landmark achievements, from Social Security to military-systems technology.

A compelling new biography... [The Greatest Capitalist Who Ever Lived] spins the Watsons into near-Shakespearean figures, as if 'Succession' were set in the era of 'Mad Men'. Read more...