“Recently, I was asked if I was going to fire an employee who made a mistake that cost the company $600,000. No, I replied, I just spent $600,000 training him. Why would I want somebody to hire his experience?”
Thomas John Watson, Sr. (February 17, 1874 – June 19, 1956) was the president of International Business Machines (IBM), who oversaw that company’s growth into an international force from 1914 to 1956. Watson developed IBM’s renowned management style and corporate culture, and turned the company into one of the most effective selling organizations yet seen, based largely around punched card tabulating machines. A leading self-made industrialist, he was one of the richest men of his time and was called the world’s greatest salesman when he died in 1956.
“A group of people get together and exist as an institution we call a company so they are able to accomplish something collectively that they could not accomplish separately – they make a contribution to society, a phrase which sounds trite but is fundamental.”
David Packard (September 7, 1912 – March 26, 1996) was a co-founder of Hewlett-Packard (1939), serving as president (1947–1964), CEO (1964–1968), and Chairman of the Board (1964–1968, 1972–1993). He served as U.S. Deputy Secretary of Defense from 1969-1971 during the Nixon administration. Packard was the recipient of the Presidential Medal of Freedom in 1988 and is noted for many technological innovations and philanthropic endeavors.
The biggest job we have is to teach a newly hired employee how to fail intelligently. We have to train him to experiment over and over and to keep on trying and failing until he learns what will work. Charles F. Kettering
Charles Franklin Kettering (August 29, 1876 – November 24 or November 25, 1958) was an American inventor and the holder of 140 patents. He was a founder of Delco, and was head of research for General Motors for 27 years from 1920 to 1947. Among his most widely used automotive inventions were the electrical starting motor and leaded gasoline. In association with the DuPont Chemical Company, he was also responsible for the invention of Freon refrigerant for refrigeration and air conditioning systems. as well as for the development of Duco lacquers and enamels, the first practical colored paints for mass-produced automobiles. In 1927, he founded the Kettering Foundation, a non-partisan research foundation.