Perot, Ross

Perot, Ross

▪ American businessman
in full  Henry Ross Perot  
born June 27, 1930, Texarkana, Texas, U.S.
 American businessman and philanthropist who ran as an independent candidate for U.S. president in 1992 and 1996.

      The son of a cotton broker, Perot attended Texarkana Junior College for two years before entering the United States Naval Academy at Annapolis, Md., in 1949. He was commissioned in the U.S. Navy in 1953 and served until 1957, after which he worked as a salesman for International Business Machines (IBM). In 1962 Perot quit IBM and formed his own company, Electronic Data Systems (EDS), to design, install, and operate computer data-processing systems for clients on a contractual basis. EDS grew by processing medical claims for Blue Cross and other large insurance companies, and in 1968 Perot took the firm public in a shrewdly managed share offering whose skyrocketing prices yielded Perot, the majority shareholder, several hundred million dollars. EDS continued to prosper under his leadership, and in 1984 Perot sold the company to General Motors for $2.5 billion worth of special-issue stock and a seat on GM's (General Motors Corporation) board of directors. Perot's criticism of GM's management prompted them to buy back his seat for $700 million in 1986.

      In 1969 Perot mounted an unsuccessful campaign to free American prisoners-of-war being held in North Vietnam. In 1979 he sponsored efforts to rescue two EDS employees who were being held in prison in Iran.

 In 1992, while a guest on CNN's Larry King Live, Perot announced that he would run for the office of U.S. president if supporters would file petitions enabling him to be on the ballot in all 50 U.S. states. With Democratic nominee Bill Clinton (Clinton, Bill) suffering from personal scandals and facing a tough primary race from Jerry Brown and with Republican nominee George Bush (Bush, George) weakened by a faltering economy, support for Perot initially earned widespread popularity, particularly among voters dissatisfied with traditional party politics. Perot reached out to both Democrats and Republicans, hiring former operatives from each party to advise his campaign. Polls in May and June showed Perot leading both Clinton and Bush, but in July he unexpectedly dropped from the race. He later returned to the campaign trail, however, and selected James Stockdale as his vice-presidential running mate. Perot ran a nontraditional campaign, focusing on 30-minute infomercial-style advertisements and appearing on the stump to deliver speeches only rarely. His policies focused on opposition to the North American Free Trade Agreement (NAFTA; supported by both Bush and Clinton) and on elimination of the country's budget deficit and national debt. Spending some $65 million of his personal fortune, Perot won 19 percent of the popular vote in the November election. After the election he organized the nonpartisan political pressure group United We Stand America.

  In September 1995 Perot established the Reform Party, which he hoped to build into a major political party. The party's broadly defined platform called for campaign reform, congressional term limits, balancing the federal budget, overhauling the health-care and income-tax systems, and placing restrictions on lobbying. Running as the Reform Party nominee for president in 1996, with Pat Choate as his vice-presidential nominee, Perot received 8 percent of the popular vote. Following the election, he distanced himself from the Reform Party, and, on the eve of the 2000 presidential election, he endorsed Republican George W. Bush (Bush, George W.) over the Reform Party nominee, Pat Buchanan (Buchanan, Patrick J.). In 2008 Perot launched a blog, Perot Charts, that focused on fiscal policy.

* * *

Universalium. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Ross Perot — (2008) Henry Ross Perot (* 27. Juni 1930 in Texarkana, Texas) ist ein US amerikanischer Unternehmer und Politiker. Inhaltsverzeichnis …   Deutsch Wikipedia

  • Perot — Ross Perot 2006 Henry Ross Perot (* 27. Juni 1930 in Texarkana, Texas) ist ein US amerikanischer Unternehmer und Politiker. Inhaltsverzeichnis 1 Karriere in der Wirtschaft …   Deutsch Wikipedia

  • Perot Systems — Industry Information technology Successor Dell Services Founded June 1, 1988 (1988 06 01) …   Wikipedia

  • Perot — may mean:* Ross Perot, US business leader and presidential candidate * H. Ross Perot, Jr., his son * Perot Systems, their company * Alfred Pérot (1863 1925), French physicist * William B. Perot, early postmaster of Bermuda …   Wikipedia

  • Ross Perot — (H. Ross Perot) n. (born 1930) Texas businessman and millionaire, independent candidate in the 1992 U.S. presidential elections, founder of the political movement United We Stand America …   English contemporary dictionary

  • Ross (disambiguation) — Ross is the name of many places, persons and things:Places;United Kingdom * Ross, a historical area in Scotland ** The County of Ross, also known as Ross shire , and ** Ross and Cromarty, later administrative areas, which include most or all of… …   Wikipedia

  • Ross (Vorname) — Ross ist ein im englischen Sprachraum gebräuchlicher männlicher Vorname.[1] Inhaltsverzeichnis 1 Herkunft und Bedeutung 2 Namensträger 3 Einzelnachweise …   Deutsch Wikipedia

  • Ross — Saltar a navegación, búsqueda Para la Real Orquesta Sinfónica de Sevilla, véase ROSS (orquesta). El término Ross suele tener dos etimologías, la más difundida pertenece al idioma gaélico escocés escrito originalmente rois significando torrente,… …   Wikipedia Español

  • Perot Systems — est une entreprise américaine de services aux technologies de l information basée à Plano au Texas. Elle fut fondée en 1988 par le milliardaire texan Ross Perot. Voir aussi Lien externe : site web de l’entreprise… …   Wikipédia en Français

  • Ross — Ross, Barrera de Ross, Dependencia de Ross, James Clark Ross, Ronald Ross, mar de * * * (as used in expressions) Perot, H(enry) Ross Ross, barrera de hielo Ross, Betsy Ross, Harold W(allace) …   Enciclopedia Universal

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”