Word: perots
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Dates: during 2000-2009
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...have heard the last of Perot. Although Lester Alberthal Jr., the president of EDS, has now been named the new chief executive to run that company, Perot will stay on with the title of founder. He intends to keep an office in Dallas and an eye on things. "I'll be here as long as they need me," said Perot. GM may fear that if it shoved Perot completely out the door, many important EDS executives would follow...
...longer, though, will Perot sit on GM's board and offer suggestions on how to manufacture cars more efficiently in the high-tech age. With or without Perot, the biggest challenge facing Roger Smith remains the same: to prove that he can turn around GM's sagging fortunes...
...says he is the kind of guy who likes to "stir things up." No one who has marveled at the freewheeling and shrewdly eccentric career of H. (for Henry) Ross Perot will argue with that description. The blunt-spoken, impulsive founder of Electronic Data Systems, who managed last week both to goad mighty General Motors into an expensive estrangement and get his name involved in Washington's Iran-contra scandal, has been variously called a dictator, a superpatriot and an inspiring, unassuming employer-philanthropist. He is also one of America's wealthiest men. His scrappy individualism and spectacular feats...
...Perot (pronounced Puh-roe) was born in hardscrabble Texarkana, Texas, the son of a cotton broker and horse trader. He likes to relate that he began busting broncos for money at age eight. As a teenager, he delivered newspapers on horseback in Texarkana's black slums. In 1949 he enrolled at the U.S. Naval Academy, where he was inspired by the can-do regimentation of the military. But after a four-year minimum Navy hitch, he resigned to join a firm synonymous with the kind of corporate bureaucracy Perot now claims to disdain...
...Perot says he knew so little about IBM that at first he thought it made only typewriters. Soon better informed, he became a Dallas-based computer supersalesman whose order books bulged so quickly that IBM put a cap on his commissions. In 1962, after five years, he founded EDS with $1,000 in capital as a company to process computerized data for other businesses. EDS quickly found a niche processing medical-insurance forms for Blue Cross and Blue Shield of Texas. In 1968, when Perot took his firm public, its revenues were $7.7 million. He managed to persuade underwriters...