A 12 Million Dollar Education

Tom Watson, Sr., is the man who founded IBM. You can imagine the money, the investments, the experiments, this man, and his multi-billion dollar company have made through the years. Once, years ago, when a million dollars was still a million dollars, Watson had a top junior executive who spent $12 million of the company’s money on a venture that failed. The executive put his resignation on Watson’s desk saying, “I’m sure that you want my resignation.” Watson roared back:, “No I don’t want your resignation. I’ve just spent $12 million educating you. It’s about time you get to work.