Henry Taub – Business Bio Summary

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Henry Taub was the founder of Automatic Data Processing, Inc. or ADP. It is a company serving almost 570,000 clients all over the world.

It provides information-based solutions and transaction processing that are computerized. The employer services of ADP provide payroll solutions, CRM, ERP, benefits administration, eCommerce and human resources to companies all over the United States and other major markets all around the world.

Henry Taub – Outsourcing in the 1940s

Henry Taub was born in New Jersey. He graduated in High School from San Jacinto and had his undergraduate studies at New York University. He graduated in 1947 with a degree in accounting.

In 1949 Henry Taub, now 22 years of age, founded a company named Automatic Payrolls Inc. This company located above Grinker’s Ice Cream Shop in Northern New Jersey services manual payroll. They did it using different equipment that included addressograph equipment, comptometers, calculators and a bookkeeping machine. In the beginning, Taub concentrated on providing his company’s services to Wall Street’s financial service firms and other small businesses.

The Automatic Payrolls’ first accounts were Finishing and New Era Dye. Over the years, the speed, quality and accuracy of the services Henry Taub’s business provide became widely known. The business grew to more than just payrolls. With the dawn of computers, printers and punch cards, what was formerly known as Automatic Payrolls Inc., became Automatic Data Processing, Inc. in 1958.

The growth of Automatic Data Processing was enormous. It has expanded to different services to cater to clients needs. These services include Employer Services, Dealer Services, Claims Services, and Brokerage Services.

Henry Taub retired from the company in the mid 1980s. He has already done a great job establishing the Automatic Data Processing. Now in North America, ADP is one of six companies that S&P and Moody’s rate as AAA. In 2006, it was ranked #2 on Information Week 500. On that same year, Fortune ranked it as #271 on the Fortune 500 largest companies in the United States.

The Henry Taub Quick Bio

Full Name: Henry Taub

Birth Date: 1927

Birth Place: New Jersey

Company: Automatic Data Processing

Industry: Services

Key Success Traits: passionate visionary, consistently excellent worker, creative thinker

Additional:

Henry Taub has established a foundation named The Henry and Marilyn Taub Foundation. The foundation has given $10 million dollars to Columbia to establish the Taub Institute for Research on Alzheimer’s Disease and the Aging Brain. This is the biggest gift Columbia has received yet.