Home of Magnates: December 2015

Wednesday, 30 December 2015

The great mind behind Sony Corporation


Ibuka Masaru

Ibuka Masaru is one of the most successful inventors and entrepreneurs in the electronics industry. He is known for co-founding Sony Corporation. He is the great mind behind Japan’s electronics industry which currently leads the world of electronics. He led Japanese to create their own innovative electronic products instead of imitating the ones from the western world. He was the mind behind Japan’s first transistor radio in 1955, the world’s first transistor television in 1960, Sony Trinitron colour television in 1968, Walkman and PlayStation. Sony Corporation which was started with the name: Tokyo Tsushin Kogyo K.K begun operating just after the World War II as a radio repair shop in a department store destroyed by bombing in the War. 


Early Life


Ibuka Masaru was born on April 11, 1908, in Nikko, Japan to Tasuku and Sawa Ibuka.  Early in his childhood he showed great interest in experimenting with gadgets. After graduating from Waseda High School, he furthered his education to Waseda University’s School of Science and Engineering where he completed with a degree in engineering in 1933. At the university he earned the nickname “genius inventor” due to his curiosity and discoveries. In 1933, he won an international science fair award in Paris for his invention, a modulated-light transmission system.


 


Early Career


 After graduating from the university he was appointed a research engineer with Photo-Chemical Laboratory, a company that recorded and processed motion picture film. At this position, Ibuka researched into the technology of sound recording on movie film. He worked with the company from 1933 to 1937. From 1937 to 1940 he took another position as the head of the radio telegraphy department of Nippon-Ko-On (Japan Opto-Acoustic) Industrial Co. Here he worked on the production and development of home sound movie devices. In 1940, during World War II, he was appointed the managing director of Japan Measuring Instrument Corporation. His engineering prowess helped him to create a device in aircraft that detected submarines. This invention aided Japan in their fight in World War II. It was at this point, summer of 1944, that he met a friend, Akio Morita, who would later become Sony co-founder. Akio was a physics degree holder and a lieutenant in the Imperial Japanese Navy. Both were assigned to a task force to create a heat-seeking missile.


 


The Birth of Sony


In 1945, after World War II, Ibuka resigned from the company to start a radio repair shop in Tokyo. In the following year he was joined by his colleague Akio Morita and in May 1946 they named the company: Tokyo Tsushin Kogyo K.K. (Tokyo Telecommunications Engineering Company). The two founders were much interested in creating their own electronics rather than copying the ones from the western market. The company started an early research into the use of magnetic powders and tape base material. In 1949 they developed a magnetic recording tape and a year on; the company started marketing the world’s first tape recorder called type-G in Japan. They never gave up the fight to come out with unique electronics. They continued their research and decided to manufacture a radio.


In the process of research and development for their first radio they heard that an American company called Regency Division of Industrial Development Engineering Associates has taken the lead to manufacture the world’s first radio. Regency had a joint project with Texas instrument (TI), and TI manufactured transistors for the radio bringing out the world’s first transistor radio. On October 18, 1954, the transistor radio was released onto the US market with the name Regency TR1.


Back in Japan Ibuka and Akio were not intimidated by the lead America has taken, they continued with their hard work and eventually produced a radio which they named TR-55. In the spring of 1955, Regency stopped the manufacturing of Regency TR. This inspired Ibuka and Akio to enter the US market with their TR-55.


Ibuka-left, Akio right

Along the way they faced a challenge; the company’s name, Tokyo Tsushin Kogyo K.K, was difficult to be pronounced by the Americans. Ibuka and Akio had to think of changing the name. They first came out with the word sonus a latin word which means sound. The two guys were later attracted to a term in America, sonny boys, this was a name given to bright young men in America at the time. The Japanese company realised the name sounded like sonus and also good image was attached to the name. With these ideas they came up with the name Sony. In 1958, Tokyo Tsushin Kogyo was changed to Sony Corporation. Sony Corporation started spreading out through America, Japan and Europe. The company is currently one of the leading manufacturers of consumer electronics in the world. 


In 1960 Sony manufactured the world’s first transistor television and in 1968 they came out with the Sony Trinitron colour television. Ibuka was the great mind behind all this inventions. He was the president of Sony from 1950 to 1971 and he acted as the chairman of the company from 1971 to 1976. He retired in 1976 and was made honorary chairman of Sony.


Personal Life


In 1936 he got married to Sekiko Maeda and they gave birth to two daughters and a son. He divorced his wife and on August 31, 1966 got married to Yoshiko Kurosawa. 

 


He had great interest in early childhood education because he believed that man’s greatest learning point is at age 3. He is the author of the books: The Zero-Year Child and Kindergarten is Too Late. These books were published in 1970 and 1971 respectively.  

He received Honorary Doctorate degree from Sophia University, Tokyo in 1976, Waseda University, Tokyo in 1979, and Brown University, USA, in 1994. 


He received many international awards including the Medal of Honor with Blue Ribbon from the Emperor of Japan. In 1972, IEEE awarded him IEEE founders Medal.
 

Ibuka Masaru died on 19 December 1997 in Tokyo, Japan.








 

Success Story of Lawrence Larry Ellison: CEO of Oracle



Lawrence Joseph “Larry” Ellison is the executive chairman and chief technology officer of Oracle Corporation. He is popularly known for co-founding Oracle and also being the CEO of Oracle. Larry Ellison is currently the fifth richest man in the world with a net wealth of $50billion as at June 2015 (estimated by Forbes). Ellison is an American magnate in the computer software Industry known for being a great programmer, internet Entrepreneur, and a successful Businessman. 

Oracle is a database management system created by Larry Ellison and his two friends, Ed Oates and Robert Bob Miner.
Ellison was born on 17th August, 1944 in Bronx, New York, to a Jewish mother and an American father. At an early age, nine months, Ellison developed Pneumonia and his single mother, Florence Spellman, sent him to south Chicago to leave with her Aunt. Florence’s Aunt adopted Ellison and raised him in a two-bedroom apartment in Chicago. It was until age 12 that Ellison got to know he was adopted but saw his biological parents at age 48.  As a child, Ellison started showing high level of intelligence in maths and science. 

Ellison graduated from South Shore High School in 1962 and was admitted to University of Illinois where he was named the science student of the year in his first year. In his second year, final semester his adoptive mother died which forced Ellison to drop out of Illinois. He stayed home for a summer in northern California and enrolled at University of Chicago for a semester and dropped out again. Ellison’s adoptive father who saw young Ellison as rebellious now concluded that his son was aimless upon his second drop out.
Though Ellison dropped out of college, he made good use of the programming skill he acquired.

After dropping out of Chicago University, he headed to Berkeley, California in 1966 with little dollars just for food. At Berkeley, he worked with a number of companies but finally settled at Ampex. It was at Ampex that Ellison met his Oracle partners, Edward Oates and Robert miner who were his co-workers. Ellison left Ampex in 1976 and moved to Precision Instruments Co (renamed as Omex) where he ended up becoming the Vice President of research and development. In 1977, Precision Instruments needed a software company to write its software, so Ellison formed a company with his formal co-workers and named it Software Development Labs (SDL) to design the software for Precision Instruments and other companies. They won a contract to design a database program for the Central Intelligence Agency (CIA) which they named “Oracle.”  
 In 1979, they changed the company’s name to Relational Software, Inc and released their first commercial relational database which they also named Oracle. The decision to design Oracle for commercial application was influenced by a journal Ellison read called "A Relational Model of Data for Large Shared Data Banks" written by the British-born Computer Scientist Edgar F. Codd.  IBM adopted Oracle for its mainframe systems which helped doubled Oracles sales for some years. 

In 1982, they changed the company’s name again to Oracle Corporation and floated their first share in 1986 which raised an amount of $31.5 million for the company.
In 1990, the company disclosed their first loss due to previously overstated earnings. As a result of this the company lay off about 10% of its employees and replaced most of its senior management with experienced staff. The company‘s financial conditions strengthened again in early 1992. Oracle’s wealth upsurge throughout the 1990s and Ellison who was the largest shareholder became one of the richest men in the world. Ellison started increasing oracle’s market share by acquiring some companies in the industry. In early 2005 they acquired PeopleSoft for $10.3billion. 

Personal Life
Ellison got married to Adda Quin in 1967 whom he met at Berkeley employment agency. Adda divorced Ellison in 1974 claiming Ellison was aimless and was only living on debts. It was at this point that Ellison decided to be a millionaire. In 1977 just some few months prior to the formation of Software Development Labs, Ellison got married to Nancy Wheeler. The couple divorced in 1978 and Ellison got married to Barbara Boothe, formal receptionist at Relational Software Inc, in 1983 and also got divorced in 1986. He had two children, David and Megan, with Boothe. Ellison’s current marriage was from 2003 to 2010 with Melanie Craft, a romance novelist. 

Ellison used to own the eighth-largest yacht in the world. The boat is known as “Rising Sun” and is over 450 feet long and cost $200 million to build. He sold the Yacht to David Geffen.
Ellison is a licensed pilot who has owned a number of aircraft. On September 18, 2014, Ellison declared that he would be stepping down as the CEO of Oracle for Mark Hurd and Safra Catz to take over.

Lessons from Ellison’s story
Determination: His first wife divorced him because Ellison was living on debt and also saw Ellison to be aimless. This divorce made him more determined to be a millionaire.
Focused: Ellison focused on the programming skill he gained at college.

Success Story of Mark Zuckerberg - facebook.com



MARK ZUCKERBERG
Mark Zuckerberg is currently the chief executive officer and President of Facebook. He is a software developer, an internet entrepreneur and known for inventing Facebook. He is currently ranked as one of the 100 wealthiest and most influential people in the world (by Time magazine in 2010). Mark is one of the most successful software developers the world has ever seen. He currently has a net wealth of $38.6 billion (by Forbes June 2015) and is currently ranked by Forbes as one of the top 100 richest men in the world. At the age of 23, Zuckerberg became the youngest billionaire in the world as a result of Facebook's success. 

Early Life
Mark Elliot Zuckerberg was born on May 14, 1984 in White Plains, New York and was raised in Dobbs Ferry a suburb of New York. Mark was born to Karen Kempner and Edward Zuckerberg. He was born to a well educated family, his father was a dentist who ran a dental clinic in the family house and his mother was a psychiatrist. He is the only son and the second born of three other sisters: Randi, Arielle and Donna.

Mark’s father taught him Atari Basic Programming at an early age, so Mark begun showing great interest in computers just at Elementary school. At age 12 he developed his first non-commercial software he called “Zucknet.” The software was used at home by the family to communicate through their computers in their rooms without moving. His father also used it at his dental clinic to communicate with the receptionist. Mark’s father soon noticed the great interest and expertise his son has started showing so he hired a computer tutor, David Newman, who gave Mark further private lessons on programming. Whiles at High School, Mark studied a graduate course in programming at Mercy College located closer to their home. Within that time he coded a version of media player software named: Synapse. Synapse attracted the attention of some giants companies including AOL and Microsoft. These companies requested to buyout the software and also hired the teenager before graduation. Mark refused to accept all these offers because he had the plan of starting his own software company. He also developed computer games which he played with friends.  

CHILDHOOD
Mark started his high school education at Ardsley High School where he was known for his excellence in classics. In his sophomore year at Ardsley, he transferred to Philips Exeter Academy a preparatory school located in New Hampshire. According to Mark he transferred because he wanted a school that focused more on mathematics and computer studies. The idea of facebook originates from Philips Exeter Academy. The school had a student directory, “the Photo Address Book”, which the students popularly called it “The Facebook”. The directory showed every student’s picture, class, friends, and telephone numbers. 

Birth of Facebook
In 2002 he enrolled in Harvard and soon after matriculation became popular on campus for his programming prowess. He majored in psychology and computer science. In his sophomore year at Harvard he wrote a program named CourseMatch which made students chose their class and also enabled them to form study groups.
He later created another program he called Facemash. Facemash was a site that allowed the students at Harvard to vote for the most attractive student from a choice of photos. The pictures would be ranked based on the votes in order to select the hottest student. Within some weeks of operating the site, the college authorities shut down the software claiming it had prevented students from accessing the internet and had also overshadowed one of Harvard’s networks. Some students also criticised Zuckerberg for using their pictures without seeking their approval.

After the collapse of Fasemash, three of his fellow students: Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra approached him to help them build a social networking site called Harvard Connection (renamed ConnectU). Zuckerberg helped them in coding HarvardConnection but still had the idea of starting his own commercial software. Whiles working on HarvardConnection he got a great idea and later resigned from the group to start his own social networking site. 

On February 4, 2004 he launched a site, thefacebook.com, in his dormitory room with his friends at Harvard. With this site he allowed users to create their own profile due to the criticism he received from students on Facemash. With the help of his roommates, Chris Hughes and Dustin Moskovitz, more features were added to the site.TheFacebook.com soon became popular on Harvard campus and with the help of some friends it spread through Columbia University, Yale, Stanford and other University campuses. The initial requirement for registration was an email address which shows your membership in an educational institution.

In the summer of 2004, Mark together with some friends and the two other roommates moved to Palo Alto, California to establish their headquarters. Mark planned of coming back to Harvard but later decided to dropout and concentrate more on his business. At Palo Alto, Zuckerberg approached a venture capitalist, Peter Thiel (co-founder of Paypal), to invest in their company. Peter Thiel invested US$500,000. In May 2005, Facebook received their highest investment from a venture capitalist, Accel Partners. 

In 2005, TheFacebook.com was renamed: Facebook.com and registration was opened to high school students but later the public also showed massive interest in the site. By September 2006, Facebook had been opened to the public with normal e-mail address as the requirement. Facebook had more than 1million users signed up just within a year of its launch and over one billion users in 2012.
When the registered users were increasing Mark hired the services of other programmers. After the launch of thefacebook.com, Mark was accused by the friends who invited him to help create HarvardConnection.com. They claimed Mark had stolen part of their idea. Prior to the Initial Public Offering (IPO) of facebook.com these friends filled a lawsuit against Mark which entitled them to $1.2 million of facebook shares. These shares were worth US$300 million at Facebook's IPO.

ACQUISITIONS
Some companies offered to buyout facebook.com with huge amounts but Mark rejected their offers. Later in 2007, Microsoft paid $240 million to buy a 1.6 percent stake in Facebook.

In April 2012, Facebook acquired Instagram for $1billion and WhatsApp for $22billion in October 2014.

Personal Life
Mark got married on May 19, 2012 to his college friend, Priscilla chan. The couple are happily living in Palo Alto, California.

Friday, 25 December 2015

The Success Story of Benjamin Solomon Carson

Ben Solomon Carson

Benjamin Solomon Carson is a professor emeritus of neurosurgery at Johns Hopkins University, an inspirational speaker, author, philanthropist, politician and a retired neurosurgeon of Johns Hopkins hospital. Ben Carson is one of the world’s most successful and influential doctors. He was ranked as one of America’s top 20 physicians and scientist by TIME Magazine and CNN in 2001. He is known for his excellent performance in surgeries, especially the separation of conjoined twins. Carson and his team of doctors were the first to separate conjoined twins, craniopagus twins, in world’s history. As the leader of a 70-member surgical team, Carson led the team on a 22 hour surgery which ended successfully. Prior to this surgery, no doctor had been able to separate binder twins, joined at the head, without death of one of the twins. On June 19, 2008 he was awarded the highest civilian honor, Presidential Medal of Freedom, from President George W. Bush. He has been honoured with 67 doctorate degrees from several Universities.

Beginning of Life

Ben Carson was born to Sonya Copeland and Robert Solomon Carson on September 18, 1951in Detroit, Michigan. Sonya got married to Robert when she was just 13 and they had two children which Ben was the second born. When Carson was eight years, Sonya discovered that her husband was having another secret marriage. The couple divorced and young Carson was left under the care of his single mother. Sonya started facing financial problems so she was forced to take more than two jobs (mostly as a domestic servant). Though Sonya dropped out of school in her third grade, she ensured that her kids took their studies serious. Benjamin’s academic performance was below average as at fifth grade but through the effort of Sonya his performance increased gradually. Sonya limited Benjamin’s television watching and refused to let him play until he had completed his homework. Ben’s grades started improving as he began appreciating reading. Within a year Benjamin moved from the bottom of the class to the top which amazed his classmates. Benson in his book, Gifted Hands, stated that in his youth he had a violent temper which made him (just at age 14) nearly stabbed a schoolmate but was saved by the buckle of the friend’s belt. After this incident he learnt to control his quick temper. Ben excelled in Southwestern High School and upon completion, enrolled at Yale University where he majored in Psychology. 

Medical Career

Presidential Medal of Freedom

After graduating from college he worked as a bank teller, a crane operator in a steel factory, X-ray technician, and a school bus driver. Aside all these jobs he still had the ambition of becoming a physician, so he enrolled at University of Michigan School of Medicine where he graduated with Doctor of Medicine (M.D). From medical school he started his medical career at Johns Hopkins Hospital in Baltimore, Maryland where he completed his residency training in neurosurgery.  In 1983, he worked as the senior registrar of Sir Charles Gairdner Hospital in Perth, Australia but moved back to Hopkins after a year. At age 32, he was promoted to the position of Director of Pediatric Neurosurgery at Hopkins. It was at this position that he took a bold decision, in 1987, to lead his team to perform a surgery on seven months old conjoined twins. This was a very risky decision because no operation of that sort had been performed successfully. He performed the surgery and the twins are living separately. After setting this record, he has been able to perform similar surgeries and has also trained most physicians to perform this sort of surgery successfully. He was also the first Physician to perform a successful surgery on a type-2 vertical craniopagus twins. This occurred in 1997 in South Africa). 

On March 16, 2013 he declared at the Conservative Political Action Conference that he has resigned from medical practise and has joined Washington Times as a weekly columnist.
Dr Carson is also a renowned public speaker who devotes much of his time to motivate young people.  He is the author of several books including Gifted Hands (autobiography), America the Beautiful and Think Big.
In 2004, he was called by President George W. Bush to serve on the President’s Council on Bioethics.

Personal Life  


At Yale University Carson met a student called Lacena Candy who later became his wife. They got married in 1975 and they have three children: Murray, Rhoeyce and Benjamin Jr.
Ben Carson and his mother are baptised members of the Seventh Day Adventist (S.D.A) church at Detroit. Dr Carson was a Sabbath School Teacher and an Elder of the church.

Political Life


On February 7 2013, he gained political attention when he criticised the Democratic Party’s policies on healthcare and tax in his keynote address at the National Prayer Breakfast.
On November 2014 he switched from being independent to be a member of the Republican Party.
On May 4, 2015 Benjamin declared that he will be running for the Republican nomination in the 2016. 

Philanthropy


In 1994, Benjamin and Candy Carson established the Carson Scholars Fund. This fund rewards people who have achieved excellence in academic and humanitarian activities. It currently operates in 50 states in America and has awarded 7,500 scholarships to scholars.