Texas Instruments
In 1951 McDermott, along with Cecil Howard Green, Patrick E. Haggerty, and J. E. Jonsson co-founded Texas Instruments. This was done when the company changed its name to Texas Instruments; GSI becoming a wholly owned subsidiary of the new company. This acknowledged that the company had changed it focus from one primarily devoted to oil exploration to one focused on manufacturing. McDermott was the Chairman of TI from 1951-1957, was Chairman of the Executive Committee of Board of Directors from 1957-1964 and was a Director until his death in 1973. During this period of time, Texas Instruments rose to be one of the world's largest corporations.
Read more about this topic: Eugene Mc Dermott
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