Education: Report Card

¶ President Thomas J. Watson Jr. of International Business Machines Corp. announced that in memory of his father ("Think"), IBM is launching one of the largest scholarship programs ever undertaken by a single company. With the help of the National Merit Scholarship Corp., IBM will each year pick (on a competitive basis) 25 children of employees and 25 seniors from secondary schools all over the U.S. for four-year scholarships of varying amounts. In addition to the scholarships. IBM will provide a special cost-of-education gift to each school chosen by its winners. The average annual tab to be picked up by the...

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