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Fortune
Fortune
Fortune Editors

FORTUNE: The Greatest Capitalist in History (August 31, 1987)

Thomas J. Watson, Jr. (left) receives congratulations from his father, Thomas J. Watson, Sr., after being elected CEO of IBM in 1956. (Credit: Bettman/Getty Images)

If creating wealth for shareholders is the best measure of a businessman's success, Thomas J. Watson Jr. is the greatest capitalist who ever lived. When Watson, now 73, retired as IBM's chief executive in 1971, the company's stock was worth $36 billion more than when he got the job from his father 15 years before.

Watson's father, one of the most successful industrialists of the 1920s and 1930s, was a selling genius. He gave the world the much-admired, sometimes parodied motto THINK. Under him IBM built and dominated the market for punch card accounting equipment.

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