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...favorite to win, simply because as an independent he could not be expected to get more than, say, 35% of the vote at best, requiring the political equivalent of drawing an inside straight to win the necessary 270 electoral votes to take the White House. Even H. Ross Perot, despite taking a respectable 19% of the popular vote in 1992, couldn't win a single electoral vote...

Author: /time Magazine | Title: Would Bloomberg Have a Chance? | 6/20/2007 | See Source »

...neoconservative movement, has as its latest cover story a cartoon of a diminutive Bloomberg perched in an over-sized, throne-like chair, with the headline: "The Mystery of Michael Bloomberg: Why does a popular but mediocre mayor think he should be President?" Republicans are generally convinced that Ross Perot took a disproportionate share of his 20% of the vote in 1992 out of the hide of the incumbent Republican President, George Bush, thereby ensuring Bill Clinton's victory. Some are worried that a Bloomberg candidacy in 2008 would do the same thing: help the Democratic nominee by siphoning votes from...

Author: /time Magazine | Title: Will Bloomberg Run for President? | 5/14/2007 | See Source »

...biggest nightmare situation of all came after two EDS managers were jailed in Tehran amid the revolutionary chaos of 1978. While bargaining with the tottering regime of the Shah for his men's release, Perot organized a commando team from among his EDS employees and hired a former Green Beret colonel, Arthur ("Bull") Simons, to lead an improbable rescue mission. Incredibly, it succeeded. Perot's operatives persuaded a revolutionary mob to storm the jail where the EDS men were held, then spirited the Americans 500 miles to safety in Turkey. Perot's feat was popularized by Novelist Ken Follett...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

...Perot has slain dragons closer to home. In 1979 Texas Governor Bill Clements asked him to lead a local campaign against drugs. Perot spent more than $1 million of his own money on the effort, which resulted in laws that permit seizure of drug runners' assets. In 1983 he was named head of the Texas Governor's Select Committee on Public Education. In a 1½-year fight, Perot prodded the legislature to install teacher-competency tests and a "no pass, no play" rule for high school athletes. The chairman of the state board of education labeled Perot a "dangerous...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

Whatever else he is, Perot is a committed philanthropist. Through the Perot Foundation, he has donated more than $100 million, much of it to causes in the Dallas area. Substantial amounts of money have been targeted for education projects and other bootstrap programs for minorities. Meanwhile, Perot and his family (he and Wife Margot have five children, ages 15 to 28) live unassumingly in one of Dallas' affluent neighborhoods. Most of his evenings are spent quietly at home. To cut stuffy out-of-towners down to size, Perot has been known to take them for lunch to smoky, crowded barbecue...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

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