Jim and Faith Waters established the private Waters Foundation in 1957.
In 1958, Jim founded Waters Associates Inc. with five employees. After two years of developing instruments for others, he developed and marketed process control instruments, then obtained the exclusive license for Gel Permeation Chromatography from Dow Chemical Co. By 1963 the company had 75 employees, $3,000,000 in annual sales and subsidiaries in England and West Germany. From 1967-71 he transformed Waters Associates to an HPLC (high performance liquid chromatography) company. Waters dominated the market with a 40% market share while competing with DuPont, Varian, Perkins-Elmer and Hewlett Packard. He merged the company with Millipore in 1980. Today, Waters Corporation has separated from Millipore and has more than 5,700 employees, a 35% market share of HPLC, annual sales of $1,850 million and had a successful public offering in 1995.
In 1972, Faith began working at the experimental Home Base School in Watertown, MA teaching English to high school students who were divided between the traditionally successful, “college-bound,” and a group of previously unsuccessful students, “reluctant learners.” Faith and her colleagues worked with all the students to develop their writing, their ability to solve problems, and their thinking capacities. The students’ success inspired the release of Intelligent Learning: Thinking and Writing, a three-semester course designed and written by Faith Waters in 1980 in collaboration with Margaret MacMullen and John Glade, based on the work Faith had done with the students at Home Base School.
Together Jim and Faith, parents of two and grandparents of four, have made major contributions to universities, social organizations and to the improvement of instruction in elementary and secondary schools using systems thinking and system dynamics.