Word: perots
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University officials are hoping to strike a deal with Texas billionaire H. Ross Perot that would allow him to rent tens of thousands of artifacts from the Peabody Museum of Archaeology's enormous and underexposed collection...
...company that Smith sought. "They are a storehouse of technology," he says. "Hughes' single biggest asset is its brainpower and teamwork." But Hughes coveted its independence and initially spurned GM. The rebuff turned the automaker toward Electronic Data Systems, a Dallas-based computer-services firm that Founder H. Ross Perot had built into the largest company in its field. Smith sees E.D.S. as the key to upgrading GM's worldwide computing operations. Under the Texas firm's guidance, GM machines performing tasks as varied as running payrolls and controlling robots will be forged into a unified network. As a first...
Smith concedes that he would have been deeply disappointed if Perot had rejected GM. "We were seriously discussing buying a defunct college in Iowa, hiring scientific talent and teaching our people about data processing and electronics," Smith recalls. "With E.D.S., we weren't just buying a bumper and a fender. We were getting a running Indianapolis 500 racer at the starting line, already preparing to run away from the pack...
Loose lips, eccentric behavior-characteristics long affixed to this town-have to be searched for now, rooted out. Oh, evangelists still holler on the radio stations: they do not say things so much as they "sayeth" them. And H. Ross Perot did plan a commando operation against a whole country, Iran, to get two of his employees back. "Mad" Eddie Chiles-an ideologue who, says a longtime listener, "lives in a permanent state of incoherent fury"-is still on the air, and people drive around sporting bumper stickers that say I'M MAD, TOO, EDDIE...
...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...