The Greatest Capitalist Who Ever Live..., Ralph Watson McElvenny
The Greatest Capitalist Who Ever Live..., Ralph Watson McElvenny
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The Greatest Capitalist Who Ever Lived
Tom Watson Jr. and the Epic Story of How IBM Created the Digital Age

Author: Ralph Watson McElvenny, Marc Wortman

Narrator: TBD

Unabridged: 17 hr 18 min

Format: Digital Audiobook Download

Publisher: PublicAffairs

Published: 10/24/2023

Includes: Bonus Material Bonus Material Included


Synopsis

“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’.”​ ―The New York Times Book Review Editors' Choice 

The enduring story of Thomas Watson Jr.—a figure more important to the creation of the modern world than Rockefeller, Vanderbilt, and Morgan.
 
Nearly fifty years into IBM’s existence, Thomas Watson Jr. undertook the biggest gamble in business history when he “bet the farm” on the creation of the IBM System/360, the world’s first fully integrated and compatible mainframe computer. As CEO, Watson drove a revolution no other company—then or now—would dare, laying the foundation for the digital age that has transformed every society, corporation, and government.

The story of Watson being “present at the creation” of the digital age is intertwined with near-Shakespearean personal drama. While he put IBM and its employees at risk, Watson also carried out a family-shattering battle over the future of the company with his brother Dick. This titanic struggle between brothers led to Dick’s death and almost killed Watson Jr. himself.

Though he was eventually touted by Fortune magazine as “the greatest capitalist who ever lived,” Watson’s directionless, playboy early years made him an unlikely candidate for corporate titan. How he pulled his life together and, despite personal demons, paved the way for what became a global industry is an epic tale full of drama, inspiration, and valuable lessons in leadership, risk-taking, and social responsibility.

 
 

Reviews

Goodreads review by Janalyn, the blind reviewer on September 30, 2023

Thomas Watson Junior took over IBM from his father who saw The company through the depression and thanks to seniors over optimism he fired no one when everyone else around the country were suffering 25% unemployment this biography reads like a very interesting fiction story but it is all true from T......more

Goodreads review by Phil on May 14, 2024

Excellent book on the history of computing and personnel management, and on how IBM started in the late 1800s, grew, and ultimately peaked as the largest company by revenue in 1985. Starting with tabulators, then reinventing itself toward electro-mechanical computers, reinventing itself toward mainf......more

Goodreads review by Kelcy on April 24, 2024

Glad I read it, but OOF, too dense. Now I understand why there's a Summary version of this. It's interesting reading this as an employee in the current age, and what a legacy the Watson family had on the world.......more

Goodreads review by Lori on December 29, 2023

If you love Succession you will love this book. What a great story. Father vs son, brother vs brother, CEO vs rival. A man who took his company to the top but couldn’t control his own wife and children during the rebellious sixties. It’s all here. Some whitewashing near in the end on why the company......more

Goodreads review by Alex on February 11, 2025

A generally entertaining portrait of an undeniably cool and important figure in American and business history, but a little dense at times and far from objective. The authors really dove into some technical stuff that I just couldn’t get interested in. Also, one of the authors being a grandson of To......more


Quotes

“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’.”
 —The New York Times Book Review, Editor's Choice

“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.”
 —The Atlantic

“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.”—Beverly Gage, John Lewis Gaddis Professor of History, Yale University, and author of the Pulitzer Prize–winning G-Man

“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.”—Alan Murray, CEO, Fortune Media, and author of Tomorrow’s Capitalist

“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.”—Craig Nelson, New York Times–bestselling author of Rocket Men

“Watson Jr., the legendary leader who steered IBM to unparalleled success, achieved remarkable feats that place him in the esteemed company of modern tech leaders like Jeff Bezos, Bill Gates, and Steve Jobs. Despite leading IBM during a different era, Watson Jr.’s accomplishments resonate strongly in today’s context, showcasing his enduring influence. His foresight, leadership, and willingness to take risks propelled IBM’s entry into the computer industry guiding the company to become a global leader in information technology. The Greatest Capitalist Who Ever Lived is a must-read for anyone seeking inspiration, insights, and a deeper understanding of the extraordinary achievements of Watson Jr. and IBM.”—James M. Citrin, leader, Spencer Stuart CEO & Boards Practice, and author of The Five Patterns of Extraordinary Careers

“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.”—Jeffrey A. Sonnenfeld, senior associate dean for leadership studies, Yale School of Management, and author of The Hero’s Farewell

“In a swift-moving narrative, the authors make clear that Watson was a man of parts, one of the prime shapers of the modern technological world. A readable and revealing work of business and tech history.”—Kirkus

“A nuanced portrait of Watson who went on to unexpectedly make business history.… The authors skillfully weave this profile of a recalcitrant heir together with a chronicle of computing in the 20th century. It’s an informative and entertaining study.” – Publishers WeeklyPublishers Weekly

 “Best book ever written on IBM and one of the best tech company books ever written.”—BookAuthority