IBM is primarily owned by institutional investors, with mutual funds and individual stakeholders accounting for smaller percentages. The top shareholders of IBM include James Whitehurst, Arvind Krishna, James Kavanaugh, Vanguard Group Inc., BlackRock Inc., and State Street Corp. The company was founded in 1911 as the Computing-Tabulating-Recording Company and was renamed "International Business Machines" in 1924. IBM has been publicly traded since its inception and has seen significant investments from companies like Berkshire Hathaway. The Vanguard Group, SSgA Funds Management Inc., and Blackrock Fund Advisors are among the top shareholders of IBM. The company‘s board of directors includes current or former CEOs of various prominent companies and institutions.