Word: perots
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Perot, a former IBM salesman, formed EDS with an investment of $1,000. The company grew rapidly, largely by processing health-insurance claims...
Last year the company's profits jumped 25%, to $58.7 million Perot, 54, a man of military demeanor, established at EDS a corporate culture based on formality, patriotism and performance. In 1979 he dispatched a former Viet Nam commando and a group of executives on a defiant rescue of two EDS officials being held captive in Tehran. The successful exploit was chronicled by Author Ken Follett in the bestselling On Wings of Eagles...
...past few years, though, Perot has grown less involved in running his company and more concerned with public affairs. He recently headed a Texas commission seeking to improve high school education...
Earlier this year he brought the wrath of Texas down on himself by advocating that less emphasis be placed on high school football, which is a little like telling Texans to raffle off the Alamo. By selling their 45% share of EDS, Perot and his family could reap as much as $1.3 billion...
...time being, Perot will stay on as chairman of the company as part of an effort by GM to keep alive the entrepreneurial spirit among EDS's 13,000 employees. Said Perot last week after the deal was announced: "Today is the biggest day in our history. I feel nothing but excitement." In a highly unusual move, GM plans to issue a new type of its stock for investors who want to continue putting their chips on EDS. It will be called Class E, and its dividends will be tied to the performance of EDS rather than the parent...