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Born on this day
Yuan Tseh Lee
Yuan Tseh Lee is a Taiwanese chemis and a Nobel Prize winner.
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Important personalitiesBack

David Packard7.9.1912

Wikipedia (10 Sep 2014, 13:29)

David Packard (September 7, 1912 – March 26, 1996) was a co-founder, with William Hewlett, of Hewlett-Packard (1939), serving as president (1947–1964), CEO (1964–1968), and Chairman of the Board (1964–1968, 1972–1993). He served as U.S. Deputy Secretary of Defense from 1969–1971 during the Nixon administration. Packard served as President of the Uniformed Services University of the Health Sciences (USU) from 1976 to 1981. He was also chairman of the Board of Regents from 1973 to 1982. Packard was the recipient of the Presidential Medal of Freedom in 1988 and is noted for many technological innovations and philanthropic endeavors.


Personal

David Packard was born in Pueblo, Colorado, and attended Centennial High School, where early on he showed an interest in science, engineering, sports, and leadership. His father was an attorney. He earned his B.A. from Stanford University in 1934, where he earned letters in football and basketball and attained membership in the Phi Beta Kappa Society and was a Brother of the Alpha Delta Phi Literary Fraternity. Stanford is where he met two people who were important to his life: Lucile Salter and Bill Hewlett. Packard then briefly attended the University of Colorado before he left to work for the General Electric Company in Schenectady, New York. In 1938, he returned to Stanford from New York, where he earned a master's degree in Electrical Engineering in 1938. In the same year, he married Lucile Salter, with whom he had four children: David, Nancy, Susan, and Julie. Lucile Packard died in 1987.

David Packard has no known relation to the founders of the Packard motor car company.


Hewlett-Packard

In 1939, Packard and Hewlett established Hewlett-Packard (HP) in Packard's garage with an initial capital investment of $538 (approx, adjusted to today $9,000 in 2013). Packard mentions in his book The HP Way that the name Hewlett-Packard was determined by the flip of a coin: HP, rather than PH. Their first product was a sound oscillator sold to Walt Disney Studios for use on the soundtrack of Fantasia. The HP Way describes HP's management philosophy, which encourages creativity and shuns traditional business hierarchy and formality. During World War II HP produced radio, sonar, radar, nautical, and aviation devices.

The company, where Packard proved to be an expert administrator and Hewlett provided many technical innovations, grew into the world's largest producer of electronic testing and measurement devices. It also became a major producer of calculators, computers, and laser and ink jet printers.

HP incorporated in 1947, with Packard becoming its first president, serving in that role until 1964; he was then elected Chief Executive Officer and Chairman of the Board, holding these positions through 1968. He left HP in 1969 to serve in the Nixon administration until 1971, at which time he returned to HP and was re-elected Chairman of the Board, serving from 1972 to 1993. In 1991, Packard oversaw a major reorganization at HP. He retired from HP in 1993. At the time of his death in 1996, Packard's stake in the company was worth more than $1 billion.

   
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