Frank T. Cary

Frank T. Cary (December 14, 1920, Gooding, Idaho – January 1, 2006, Darien, Connecticut) was an American executive and businessman. Cary served as the chairman from 1973 to 1983 and CEO from 1973 to 1981 of IBM.

Frank T. Cary
Born(1920-12-14)December 14, 1920
DiedJanuary 1, 2006(2006-01-01) (aged 85)
NationalityAmerican
Alma mater
Known forFormer Chairmain and CEO of IBM

Education

He earned a bachelor's degree from the University of California, Los Angeles in 1943, then in 1948 earned his M.B.A. from Stanford University[1], the same year he joined IBM as a salesman in Los Angeles.[2]

Career

Cary joined IBM in 1948. During his tenure as chief executive at IBM, 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. He stepped down from his position in 1981, remained a director until 1991.[3]

Cary was Chairman of biotechnology company Celgene Corporation from 1986 to 1990.[4] He was a member of the Steering Committee of the Bilderberg Group.[5]

He joined the MIT Corporation in 1974, became a life member in 1984. He served on several committees, including the committee of Electrical Engineering and Computer Science.[1]

He served on the board of directors of JP Morgan, ABC, Texaco, and others. He also served on boards of many nonprofit organizations, including the American Museum of Natural History and Rockefeller University.[1]

Personal life and death

He was married to Anne (Curtis) Cary. They raised two sons, and a daughter.[1] His hobbies included skiing, tennis, and golf[6]. He died at the age of 85, at his home in Darien, Connecticut, on New Year's Day 2006.[2]

References

  1. "Frank Cary, life member of Corporation, dies". mit.edu. Retrieved December 11, 2019.
  2. "Frank Cary, Past Chairman of I.B.M., Is Dead at 85". nytimes.com. January 6, 2006. Retrieved December 11, 2019.
  3. "Frank T. Cary". ibm.com. Retrieved December 18, 2019.
  4. "Frank Cary, 85; led IBM through 1970s". boston.com. January 8, 2006. Retrieved December 11, 2019.
  5. "Former Steering Committee Members". bilderbergmeetings.org. Bilderberg Group. Archived from the original on June 30, 2009. Retrieved February 8, 2014.
  6. "Frank Cary, 67; IBM Head Instrumental in Push to Develop PCs". latimes.com. January 5, 2006. Retrieved December 15, 2019.
Business positions
Preceded by
T. Vincent Learson
CEOs of IBM
1973–1981
Succeeded by
John R. Opel
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