Year: 1924

The Computing- Tabulating- Recording Co. is renamed International Business 
Machines Corporation (IBM). The company had operated under the IBM name in Canada 
since 1917.

The Quarter Century Club - which recognizes employees with 25 years of service - 
is organized.

The first issue of Business Machines is published as an IBM internal publication. 
It would be a staple for IBM employees for the next 40 years.

IBM introduces a self-regulating time system.

IBM's Fred M. Carroll develops the Carroll Rotary Card Press to produce punch card 
blanks at high speed. At a rate of 1000 cards every 60 seconds, the press produced 
a dollar of revenue for IBM every minute it was in operation.

The Sindelfingen, Germany, plant is completed.