Someone Has to Make It Happen; The Inside Story of Tex Thornton, the Man Who Built Litton Industries has the strongest coverage in these notes.
Mr. Watson
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Facts Then Decision Then Action — No Faltering, Plow Cash Back Into Acreage, Capability as the Product
"Tex handled it better than I did," Mr. Watson says. "Like him, I wanted to avoid extremes that don't seem to work, like cutting the kids' water oflF entirely or drowning them with too much income. So I decided to give…
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""Tex handled it better than I did," Mr. Watson says. "Like him, I wanted to avoid extremes that don't seem to work, like cutting the kids' water oflF entirely or drowning them with too much income. So I decided to give each of my chil- dren just enough shares of IBM stock in their own right so that they could pay all of their normal expenses in school and college from the dividends. It backfired on me, though. By the time they were grown, IBM stock had gone up about fifty-to-one. The modest incomes I'd planned for them went right out the window. They were loaded.""