James H. Binger
| James H. Binger | |
|---|---|
| Born | 1916 St. Paul, Minnesota |
| Died | November 5, 2004 (aged 87–88) Minneapolis |
| Occupation | Entrepreneur |
| Net worth | $900 million |
| Website | www |
James Henry Binger (1916 – November 5, 2004) was a lawyer who became Chairman and Chief Executive Officer of Honeywell. He was also a well-known philanthropist, horse enthusiast and New York City and Minneapolis theatre owner and entrepreneur.
The son of a doctor, Binger grew up on Summit Avenue in St. Paul, Minnesota. He attended Saint Paul Academy, where he met his wife Virginia McKnight, daughter of 3M Chairman William L. McKnight. He earned an economics degree from Yale University (class of 1938), where his lifelong interest in the theatre was sparked. He next earned a law degree from the University of Minnesota Law School and upon graduation joined Minneapolis law firm Dorsey & Whitney, where Honeywell was a client.
Binger joined Honeywell in 1943, and became its president in 1961 and its chairman in 1965. On becoming Chairman, he revamped the company sales approach, placing emphasis on profits rather than volume. He also stepped up the company's international expansion, and officially changed the company's corporate name from Minneapolis-Honeywell Regulator Co to Honeywell.
Under Binger's stewardship from 1961 to 1978 the company expanded into such fields as defense, aerospace, computers and cameras. Honeywell was one of the eight major computer companies (with IBM — the largest — Burroughs, Scientific Data Systems, Control Data Corporation, General Electric, RCA and UNIVAC) through most of the 1960s. In 1970, Honeywell bought General Electric's computer division.
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