Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Can this be true?

? Russell Beattie's Rant: Too Many Startups Built to Flip |


| Extreme Pumpkin Carving ?

October 28, 2005

Can this be true?

Steve Hamm

I heard a wild story today from some exployees of NCR Corp. It involves Thomas J. Watson, the founder of IBM, and the origin of the use of the word "fired" for an employee being terminated. They told me that when Watson, who was the sales manager at NCR, was fired in 1914, the company wasn't satisfied to cut him loose but also had workmen carry his desk outside HQ in Dayton and light it on fire. There was motive. Watson was one of the employees blamed for bringing a federal anti-trust judgment down on the cash register company. But can this be true?

07:00 PM

Business History

TrackBack URL for this entry:

Several years ago, a promising IBM junior executive lost the company several million dollars in a risky venture. Thomas J. Watson Sr., IBM's founder, called the executive to his office. The young man blurted out, "I guess you want my resignation?" Watson replied, "You can't be serious. We've just spent millions of dollars educating you!"

Posted by: Beale_J at October 29, 2005 07:56 AM

I heard the use of the term "fired" dates back to the Vikings habit of setting fire to the homes of villagers they no longer.

Posted by: Brian Riley at October 31, 2005 10:36 AM

blog comments powered by Disqus