When Harlow E. Bundy, class of 1877 walked into his brother's workshop in Auburn, N.Y., one summer day in 1889, little did he know he would leave with an idea that would evolve into one of the world’s most successful business ventures.Willard Bundy, a jeweler and inventor, showed his younger brother one of his latest projects, a time-recording clock. Later that same evening Harlow proposed that they go into business together to manufacture and market a device that could record a worker’s arrival and departure time on a paper tape. The Bundy Time Recording Co. was born.
In 1900 the company merged with another budding timerecorder manufacturer and became the International Time Recording Company of New York. Harlow continued as general head of operations, and Willard invented and designed new products. In 1911 a consolidation with two other companies resulted in the formation of the Computing-Tabulating-Recording Co. In 1924 the company was renamed International Business Machines (IBM).
Harlow Bundy had distinguished himself as the father of the timerecorder business and a pioneer who played a role in founding one of the largest and most profitable corporations in the world. However he did not live to share in the great experience of IBM’s explosive growth. In 1915 he retired from the company, a wealthy man, but in poor health. He died a year later.
The Bundy Residence Halls (East and West), along with a dining facility, were built in 1970 and named in his honor.