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IBM (International Business Machines) was formed from a merger of three companies on June 16, 1911. Those companies were; Tabulating Machine Company (D.C. Based), the International Time Recording Company (Endicott), and Computing Tabulating Recording company (CTR). This merger was financed by Charles Flint. Who would run the now called CTR until 1914.

In 1914 Flint hired Thomas J. Watson I to lead the new company. In 1924 Watson changed the name of C-T-R to the International Business Machines company (IBM) because he felt CTR was not sufficient to the vision of the company. It was Watson who institutded many of the corporate structure and programs which IBM is best known for today.

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