Duncan describes his engineering education and entrance into the Navy in World War II. He discusses his work at Communications Supplementary Activities-Washington and the events leading to the formation of Engineering Research Associates (ERA). Topics include: the introduction of John E. Parker to Howard Engstrom, Ralph Meader, and Norris by the financial brokerage firm of Auchincloss, Redpath, and Parker, the work of John Howard, the level of Navy involvement with ERA, research activities, especially regarding memory devices, and the management of the firm. Duncan reviews the management of the ERA and Eckert-Mauchly acquisitions by Remington Rand. He concludes with a comparison of the management techniques of Remington Rand and International Business Machines.