Texas Instruments
Texas Instruments was founded by Cecil H. Green, J. Erik Jonsson, Eugene McDermott, and Patrick E. Haggerty in 1951. McDermott was one of the original founders of Geophysical Service Inc. (GSI) in 1930. McDermott, Green, and Jonsson were GSI employees who purchased the company in 1941. In November, 1945, Patrick Haggerty was hired as general manager of the Laboratory and Manufacturing (L&M) division, which focused on electronic equipment. By 1951, the L&M division, with its defense contracts, was growing faster than GSI's Geophysical division. The company was reorganized and initially renamed General Instruments Inc. Because there already existed a firm named General Instrument, the company was renamed Texas Instruments that same year. From 1956 to 1961, Fred Agnich of Dallas, later a Republican member of the Texas House of Representatives, was the Texas Instruments president. Geophysical Service, Inc. became a subsidiary of Texas Instruments. Early in 1988 most of GSI was sold to the Halliburton Company.
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.