BCG is founded by Bruce D. Henderson as the Management and Consulting Division of the Boston Safe Deposit and Trust Company—itself a subsidiary of The Boston Company.
A former Bible salesman, Henderson had earned an undergraduate degree in engineering from Vanderbilt University before attending Harvard Business School. He left HBS ninety days before graduation to work for Westinghouse Corporation, where he became one of the youngest vice presidents in the company's history. He would leave Westinghouse to head Arthur D. Little's management services unit before accepting an improbable challenge from the CEO of the Boston Safe Deposit and Trust Company to start a consulting arm for the bank.
Billings in the first month are just $500. Nonetheless, Bruce feels confident enough to double the size of the staff by hiring Arthur P. Contas in December.
Offices opened:
Boston
Consultants = 2