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          • Recognizing Ability
          • Individual Respect
          • Employee Paternalism
        • Eastman, George
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          • Golden Rule Businesses
        • Fighting Discrimination
      • Pre-World War II >
        • A Lost Dream of Peace
        • USO Camp Show Founder
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        • Selling War Bonds
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        • Supporting Home Morale
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Quotes of Thomas J. (Thos.) Watson Sr. and Other 20th Century Industrialists

Thomas J. Watson Sr. Quotes and Beliefs

Published August 24, 2021
Picture of multi-colored blue puzzle pieces with various Watson beliefs and the tagline: The Origin of
 Tom Watson Sr.'s and His Peers' Ideas and Ideals
​These quotes are a compact glimpse into the mind of Tom Watson and other industrialists of his day who built the early 20th Century America. Many of these men and women were first- or second-generation immigrants. They expressed their aspirations and beliefs in eloquent, concise, blunt prose – usually with the prerequisite twist.

Some of these insights have never seen the light of day in current literature, and these quotes, documenting a unifying view of some of America’s greatest 20th Century industrialists, have never been captured in one place.
Picture of speaker at a blackboard with Watson sayings in white.
They seem quite appropriate if we are to proclaim not just the humanity of one of America’s greatest business leaders, but to set the historical record straight on the ideals of his peers.

​Tom Watson Sr. did not walk alone. He was one of many.
​ Insight from 1910 – 1919
"​Wealth can no more be safely created and permanently held by the mere shuffling of securities, than character can be created by shuffling cards."
​John Wanamaker, Golden Jubilee, 1911

"If you want me to come in here and operate this business for the benefit of the business, I'll do it, but I will not have anything to do with the operation of it from a stock standpoint."
Tom Watson, C-T-R Company Board of Directors, The Lengthening Shadow

"​There is something in business bigger than the dollar. … A legitimate business must be of real service to the public and promote economic progress. Only when a man feels that he is working for the general good as well as for his own can a man do his best."
​Tom Watson, Sales Meeting, 1919
​ Insight from 1920 – 1929
"The president who thinks that his company exists mainly to supply stock quotations is in exactly the same case with the workman who looks at his day's work not as a means of doing something, but as a means of getting money without exertion."
​Samuel Crowther, Common Sense and Labor, 1920

"No policy in this business is permanent because there is no policy that is perfect."
​Tom Watson, “How the IBM Formulates its Policies,” 1926
​​ Insight from 1930 – 1939
"​I am firm in the thought that over-organization holds many dangers … It is perfectly possible, although not generally recognized, that a highly paid executive may, through too close organization, be merely a machine unit."
​George Eastman, System – Business Methods at Work, September 1931

"In these times, when independent thought and action should be the order of the day, employees resent an attitude of paternalism. It is a well-known fact, however, that an employee’s efficiency suffers if his mind is ill at ease, and that worry over financial troubles is one of the most powerful sources for the destruction of mental peace."
​Tom Watson, Address to Mutual Savings Banks, 1933
​​ Insight from 1940 – 1949
"The truth prevails, but it's a chore."
​Jan Masaryk, Tom Watson luncheon in Masaryk's honor, July 6, 1945

​"We, in the United States of America, are blessed with unusual advantages and opportunities. As a democratic people, we may honestly and properly differ with one another at many points. But, in the final analysis, as a nation we have a heritage and tradition which bind us together, regardless of creed or color, origin or position.

​"And this heritage and tradition of a democratic people are worth working for.”
​Tom Watson, "Quotable Quotes," December 1940

"​The young people of today are, in my judgment, growing up with more intelligence and tolerance than those of the past. … That is why I am so optimistic about the future. … When you get out on your own, you are going to need to guard against two types of minds: The conservative, which believes that nothing new should ever be tried; and the radical, which thinks the impossible can be accomplished immediately.

​"I hope that you students will stay in the center and develop a progressive mind."
​Tom Watson, Huntingdon College Chapel, March 1941
​​ Insight from 1950 – 1956
"You can get capital to erect buildings, but it takes people to build a business."
​Tom Watson, The Daily Banner, October 29, 1954

Return to the Thomas J. Watson Sr. History Home Page
© 2022 Peter E. Greulich. All Rights Reserved
​
Information posted on this site recognizes the legal right of copyrighted material. The following material is considered in the public domain effective January 1, 2022: (1) works published in the United States prior to 1927, (2) works published in the United States after 1926 but before 1964 with a proper © copyright notice that were not renewed in their 28th year, and (3) works published in the United States before 1978 that have no © copyright notice, and (4) all unpublished works created over 120 years ago. Other documents used here that do not fit these criteria are used in good faith and a belief that such usage would withstand a test of fair use. Any concerns with the public domain or fair usage of material on this site will be removed until a discussion can resolve the matter with its permanent removal or republication. Just use the "Contact" menu item above or the "Contact Us" hyperlink provided here: [Contact Us]
  • Home
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      • Preface
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        • R.A. Day Kills Productivity
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          • Edison: My Friend
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          • The Way Out >
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          • Men and Rubber
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        • Penney, James C. >
          • Fifty Years With the Golden Rule
        • Procter, William C.
        • Rockefeller Sr., John D.
        • Rosenwald, Julius
        • Sloan Jr., Alfred P.
        • Swope, Gerard >
          • Swope of G.E.
          • The Swope Plan
          • Selected Addresses
        • Verity, George M. >
          • True Steel
          • Character & Success
        • Wanamaker, John >
          • A Business Biography
          • Retail Firsts
        • Watson Jr., Thomas J. >
          • A Business and Its Beliefs
          • Management Briefings
          • Father, Son & Company
        • Watson Sr., Thomas J. >
          • Human Relations
          • Men-Minutes-Money
          • The Lengthening Shadow
        • Young, Owen D. >
          • Selected Addresses
          • New Industrial Leader
      • Capitalists >
        • Baruch, Bernard M. >
          • My Own Story
          • The Public Years >
            • A Review
            • Second Thoughts
        • Schiff, Jacob H.
      • Journalists >
        • Baker, Ray Stannard >
          • Autobiography
          • The Color Line
          • Woodrow Wilson
        • Crowther, Samuel >
          • Articles >
            • Bantam Ball Bearing
          • Biographies
          • Industrialist Anthology
        • Gunther, John >
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        • Steffens, Lincoln
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          • The New Freedom
          • The Ordeal of Woodrow Wilson
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            • Volume IV: President
            • Volume V: Neutrality
            • Volume VI: Facing War
          • Woodrow Wilson's Last Words
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        • The Need to Decentralize
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        • Martin Schroeter
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        • Resource Actions
        • Age Discrimination >
          • Cutting Old Heads
        • Employee Engagement
        • Aren't Buying Into IBM
        • Massive Work Slowdown
        • Failure of Work at Home
      • Financial Engineering >
        • Workforce Rebalancing
        • Aggressive Bookkeeping
      • Shareholders >
        • Share Buybacks
        • Shareholder Risk
        • Employee Engagement
        • Warren Buffett's Mistake
        • Do Share Buybacks Work?
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        • The First 100 Days
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        • Revenue & Profit Growth
        • Revenue & Profit
  • 20th Century IBM
    • Corporate Performance >
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        • Profit Per Employee
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        • Goodwill
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          • The Greatest Gamble
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        • IBM Cartoons
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        • IBM UK Dictionary
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      • IBM Wild Ducks >
        • The Wild Goose
        • Royal Dissenters
        • Corporate Constitution
        • Respect for the Individual
        • Service to the Customer
        • Pursuit of Excellence
    • Corporate Products >
      • 1890: U.S. Census
      • 1920: Dayton Scales
      • 1940: The Electromatic
    • Thomas J. Watson Sr. >
      • Articles by Watson >
        • On World Peace
        • On the Cost of War
        • On Public Education
        • On Thomas Jefferson
        • On Thoughtful Mistakes
        • On Stakeholder Relations
      • Articles about Watson >
        • The $1,000-A-Day Chief Executive Officer
        • Employees are Valued
        • Democracy's Man o' War
        • Human Relations in 1956
        • A CEO Who Earned His Pay
        • The Lengthening Shadow
      • Slice of Life Stories >
        • Dali, Salvador
        • Drucker, Peter F. >
          • Authority and Power
          • Short-Term Thinking
          • A Corporate Culture
          • Raising Business Issues
          • Focus on Principles
          • Character and Manners
          • Knowledge Workers
          • Recognizing Ability
          • Individual Respect
          • Employee Paternalism
        • Eastman, George
        • Penney, J. C. (James Cash) >
          • Watson Homestead
          • Golden Rule Businesses
        • Fighting Discrimination
      • Pre-World War II >
        • A Lost Dream of Peace
        • USO Camp Show Founder
      • World War II Effort >
        • Selling War Bonds
        • Production Awards
        • Controlling Profits
        • Machine Records Units
        • Wartime Contributions
        • Widows & Orphans Fund
        • Declaring Human Rights
        • Supporting Home Morale
        • Employee Military Service
        • War's End & Reconversion
      • Post-World War II >
        • Endicott Memorial
        • Poughkeepsie Memorial
        • Rehiring WWII Veterans
      • A Pajama Party
      • A 1943 Tax Problem
      • The Story of "THINK"
      • A Gift of Retirement
      • Learning from Crises
      • IBM Employee Housing >
        • Construction Timeline
      • Two Journalists "THINK"
      • A Buddy Davis Interview
      • Quotes of Watson
      • Quotes about Watson
      • Women in the Workplace
      • A Successful Rebranding
      • Tom Watson's Wild Ducks
  • Articles
    • Corporate Articles >
      • High-Performance Corporations
      • The Art of the Restart
      • Crises, Recoveries & Lessons Learned
      • Strategy Should Create Human Relationships
      • A Time-Tested Corporate Constitution
      • IBM, JC Penney and The Golden Rule
      • How IBM Created its 20th Century Brand
      • The Greatest Business Risk of the 20th Century
      • How to Grow a Business
      • The Importance of Sales Productivity
      • How Much Is a Great CEO Worth
      • Let Your Guard Down
    • Business Articles >
      • Business Witticism
      • The Golden Rule in Business
      • Who and What Built Early American Capitalism
      • Capitalism Needs Industrialist Minded CEOs
      • Producing Corporate True Steel
      • CEO Perspectives >
        • Rules of Success
        • Top Employee Qualities
        • Industrialist vs. Capitalist
      • An Open Letter to the World's CEOs
      • Henry Ford Takes Control
      • The Razor Blade Business Model
      • Two Successful 20th Century Businesswomen
      • Sears: A Dead Franchise Walking
      • A LinkedIn Incognito Mode
      • Value a College Education
    • Political Articles >
      • Political Witticisms
      • Memorial Day
      • Pursuing The "American Way"
      • America: Home of the Brave
      • Securing the Borders of the Americas
      • General Grant's Stand for Justice
      • America's Heartland Stands Strong
      • The New Freedom
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