Frank T. Cary
Frank T. Cary (14 December 1920, Gooding, Idaho – 1 January 2006, Darien, Connecticut) was a U.S. Executive and Businessman. Cary served as the Chairman from 1973 to 1983 and CEO from 1973 to 1981 of IBM. He was a member of the Steering Committee of the Bilderberg Group.[1]
While he was not well known outside of IBM, during his tenure as Chief Executive he presided over a period of rapid growth in product, revenue and profit. His most notable accomplishment was recognizing that the Personal Computer was going to be an emerging product category that could ultimately be a threat to IBM. Consequently, he forced the creation of a special, small dedicated group to spearhead an answer to Apple, within IBM but totally protected from the internal bureaucracy of a large corporation. Even though the PC, after a significant early success, did not maintain its promise, it did leave a legacy both outside and inside the company that endures to this day.
Frank T. Cary died, aged 85, on New Year's Day 2006.
References
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External links
- Biography of Frank Cary (IBM)
- Frank Cary, Past Chairman of I.B.M., Is Dead at 85 (NY Times; January 1, 2006)
Business positions | ||
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Preceded by | CEOs of IBM 1973–1981 |
Succeeded by John R. Opel |
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- Pages with reference errors
- 1920 births
- 2006 deaths
- People from Gooding, Idaho
- American businesspeople
- IBM employees
- Members of the Steering Committee of the Bilderberg Group
- People from Darien, Connecticut
- American technology chief executives
- American chief executives of Fortune 500 companies
- American business biography, 1920s birth stubs