Eugene McDermott
In 1951, McDermott, along with Cecil Howard Green, Patrick E. Haggerty, and J. Erik 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 its focus from one primarily devoted to oil exploration to one focused on manufacturing. McDermott was the Chairman of TI from 1951-1957, Chairman of the Executive Committee of Board of Directors from 1957-1964 and Director until his death in 1973. During this period of time, Texas Instruments rose to be one of the world's largest corporations.
Skidmore College
Skidmore College was in downtown Saratoga Springs at first, but on October 28, 1961, the college acquired the Jonsson Campus, of land on the outer edges of Saratoga Springs. The Jonsson Campus was named for the Skidmore trustee Erik Jonsson, the founder and president of Texas Instruments and a former mayor of Dallas, Texas (1964–71). The new Jonsson Tower bears his name. The first new buildings on the campus opened in 1966, and by 1973 the move was mostly complete. The old campus was sold to Verrazzano College, a new institution that did not prove successful, and its buildings have since been put to other uses.