Ross Perot

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Henry Ross Perot
Ross Perot
Born June 27, 1930 (1930-06-27) (age 78)
Texarkana, Texas, USA
Political party Independent
Reform
Spouse Margot Birmingham
Children H. Ross, Jr., Nancy, Suzanne, Carolyn, and Katherine
Occupation Businessman

Henry Ross Perot (born June 27, 1930) is an American businessman from Texas, who is best known for seeking the office of President of the United States in 1992 and 1996. Perot founded Electronic Data Systems (EDS) in 1962, sold the company to General Motors in 1984, and founded Perot Systems in 1988. He was born in Texarkana, Texas.[1]

With an estimated net worth of around US$5 billion in 2008, he is ranked by Forbes as the 72nd-richest person in America.

Contents

[edit] Family

Ross Perot is married to Margo Birmingham; they have five children (Ross Jr., Nancy, Suzanne, Carolyn, and Katherine). As of 2007, the Perots have fifteen grandchildren.

[edit] Early life

Perot was born in Texarkana, Texas, to Luly Maye Perot (nee Ray) and Gabriel Ross Perot.[2] His father was a cotton broker.[3] He attended a private school called Patty Hill. The family went every Sunday to church.

Perot joined the Cub Scouts, made Eagle Scout in 1942, after only 13 months in the program, and is a recipient of the Distinguished Eagle Scout Award.[4][5]

Perot entered the United States Naval Academy in 1949 and helped establish its honor system.[4] By the time he graduated in 1953 he was president of his class and battalion commander. By late 1954, Perot was made a lieutenant, junior grade. However, in 1955, Perot expressed some discontent with his life in the United States Navy in a letter to his father. He quietly served the remainder of his four-year commitment and resigned his commission.

Perot married Margot Birmingham of Greensburg, Pennsylvania, in 1956.

[edit] Business career

After he left the Navy in 1957, Perot became a salesman for International Business Machines (IBM). He quickly became a top employee, filling his year's sales quota in two weeks,[citation needed] and tried to pitch his ideas to supervisors who largely ignored him. He left IBM in 1962 to found Electronic Data Systems (EDS) in Dallas, Texas, and courted large corporations for his data processing services. Perot was refused 77 times before he got his first contract. EDS received lucrative contracts from the U.S. government in the 1960s, computerizing Medicare records. EDS went public in 1968 and the stock price shot up from $16 a share to $160 within days. Fortune called Perot the "fastest, richest Texan" in a 1968 cover story. In 1984, General Motors bought EDS for $2.4 billion.

In 1974, Perot gained some press attention for being "the biggest individual loser ever on the New York Stock Exchange" when EDS shares dropped $450-million in a single day in April 1970.[6]

Just prior to the 1979 Iranian Revolution, the government of Iran imprisoned two EDS employees in a contract dispute. Perot organized and sponsored a successful rescue. The rescue team was led by retired U.S. Army Special Forces Colonel Arthur D. ('Bull') Simons. When the team couldn't find a way to extract their two prisoners, they decided to wait for a mob of pro-Ayatollah revolutionaries to storm the jail and free all 10,000 inmates, many of whom were political prisoners. The two prisoners then connected with the rescue team, and the team spirited them out of Iran via a risky border crossing into Turkey. The exploit was recounted in a book, On Wings of Eagles by Ken Follett, which became a best-seller. In the 1986 miniseries, Perot was portrayed by Richard Crenna.

In 1984, Perot bought a very early copy of the Magna Carta, one of only a few to leave the United Kingdom. It was lent to the National Archives in Washington, D.C., where it was displayed alongside the Declaration of Independence and the United States Constitution. On September 25, 2007, The New York Times reported that the Perot Foundation, which had lent the document, had terminated the loan and that Sotheby's would auction off the document in December 2007.[7] The document was sold at auction for $US21.3 million on December 18, 2007.

Ross Perot put up the majority of the venture capital for Steve Jobs's NeXT computer project in 1986. Also in 1986, after heavy criticism of General Motors, which had purchased EDS, he was bought out for $700 million. In 1988, he founded Perot Systems Corporation, Inc. in Plano, Texas. His son, H. Ross Perot, Jr., eventually succeeded him as CEO. Today, H. Ross Sr. serves as Chairman Emeritus, and Ross Jr. serves as Chairman.

[edit] Early political activities

In the same year that Perot organized the rescue mission in Iran, Texas governor Bill Clements requested his assistance developing policy to reduce illegal drug use in the state. Perot led the Texas War on Drugs Committee that proposed five laws, all of which were passed by the legislature.

In 1983, he was called upon by Democratic Governor Mark White to help improve the quality of the state's public education, and ended up leading the effort ("Select Committee on Public Education") to reform the school system, which resulted in major legislative changes. The best known of Perot's proposals which were passed into law was the "No Pass, No Play" rule, under which it was required that students have passing grades in order to participate in any school-sponsored extracurricular activities. The intent was to prevent high school sports from being the focus of the school's funding, and to emphasize the importance of education for the students who participated in sports. Another key reform measure was a call for teacher competency testing, which was strongly opposed by the teachers unions in Texas.

Perot became heavily involved in the Vietnam War POW/MIA issue. He believed that hundreds of American servicemen were left behind in Southeast Asia at the end of the U.S. involvement in the war,[8] and that government officials were covering up POW/MIA investigations in order to not reveal a drug smuggling operation used to finance a secret war in Laos.[9] Perot engaged in unauthorized back-channel discussions with Vietnamese officials in the late 1980s, which led to fractured relations between Perot and the Reagan and George H.W. Bush administrations.[8][9] In 1990, Perot reached agreement with Vietnam's Foreign Ministry to become its business agent in the event diplomatic relations were normalized.[10] Perot also launched private investigations of, and attacks upon, U.S. Department of Defense official Richard Armitage.[8][9]

Beginning in the late 1980s and continuing in the early 1990s Ross Perot began speaking out about what he described as the failings of the United States government. Perot asserted that the United States "had grown arrogant and complacent after the War (World War II)" and was no longer the world's greatest nation. Instead of looking into what was to come, he argued, America was "daydreaming of our past while the rest of the world was building its future." He said:

Go to Rome, go to Paris, go to London. Those cities are centuries old. They're thriving. They're clean. They work. Our oldest cities are brand new compared to them and yet… go to New York, drive through downtown Washington, go to Detroit, go to Philadelphia. What's wrong with us?

In Florida in 1990, retired financial planner Jack Gargan funded a series of "I'm mad as hell and I'm not going to take it anymore" (a reference to a famous quotation from the 1976 political and mass media satire movie, Network) newspaper advertisements denouncing the U.S. Congress for voting for legislative pay raises at a time when average wages nationwide were not increasing. Gargan later founded "Throw the Hypocritical Rascals Out" (THRO), which Ross Perot supported.

Perot did not support President George H. W. Bush and vigorously opposed the United States involvement in the 1990-1991 Persian Gulf War. He unsuccessfully urged Senators to vote against the war resolution, and began to consider his own Presidential run.

[edit] 1992 presidential candidacy

On February 20, 1992, he appeared on CNN's Larry King Live and announced his intention to run as an independent if his supporters could get his name on the ballot in all 50 states. With such declared policies as balancing the federal budget, firm pro-choice stance, expansion of the war on drugs, ending outsourcing of jobs, opposition to gun control, belief in protectionism on trade, his support of the Environmental Protection Agency and enacting electronic direct democracy via "electronic town halls," he became a potential candidate and soon polled roughly even with the two major party candidates.

Perot's candidacy received increasing media attention when the competitive phase of the primary season ended for the two major parties. President George H.W. Bush was losing support, and Democratic nominee Bill Clinton was still suffering from the numerous scandal allegations made in the previous months. With the insurgent candidacies of Republican Pat Buchanan and Democrat Jerry Brown winding down, Perot was the natural beneficiary of populist resentment toward establishment politicians. On May 25, 1992 he was featured on the cover of Time Magazine with the title "Waiting for Perot", an allusion to Samuel Beckett's play Waiting for Godot.[11]

With several months to go until the Democratic and Republican conventions, Perot filled the vacuum of election news, as his supporters began petition drives to get him on the ballot in all 50 states. This sense of momentum was reinforced when Perot hired two savvy campaign managers in Democrat Hamilton Jordan and Republican Ed Rollins.

In July, while Perot was pondering whether to run for office, his supporters established a campaign organization United We Stand America. Perot was late in making formal policy proposals, but most of what he did call for were intended to reduce the deficit. He wanted a gasoline tax increase and some cutbacks of Social Security.

On July 11, while attending a NAACP meeting, Perot referred to the members as "you people", causing a negative reaction.[12]

On July 16, Perot unexpectedly dropped out of the presidential race.[13] He was in a close race or even ahead in polls at the time[citation needed]. Perot eventually stated the reason was that he received threats that digitally altered photos would be released by the Bush campaign to sabotage his daughter's wedding.[14] Regardless of the reasonings for the drop-out, his reputation was damaged. Many of his supporters felt betrayed and public opinion polls would subsequently show a large negative view of Perot that was absent prior.[15]

In September he qualified for all 50 state ballots. On October 1, he announced his intention to start running again. He explained his earlier withdrawal by claiming that Republican operatives had wanted to reveal compromising photos of his daughter, which would disrupt her wedding, and he wanted to spare her from embarrassment. Scott Barnes, a private investigator and security consultant who had testified to that effect and supported Perot's story would later, in 1997, reveal that he had tricked Perot into believing that it was true, but it was a hoax he created with others outside any political campaign. Barnes was a Perot supporter, and believed if it were revealed Republicans were involved in dirty tricks, it would harm Bush's candidacy.[16]

He campaigned in 16 states and spent an estimated $65.4 million of his own money. Perot employed the innovative strategy of purchasing half-hour blocks of time on major networks for infomercial-type campaign ads; these ads garnered more viewership than many sitcoms, with one Friday night program in October attracting 10.5 million viewers.[17]

Perot's running mate was retired Vice Admiral James Stockdale, a highly-decorated former Vietnam prisoner of war (POW). In December 1969 he organized and flew to North Vietnam in an attempt to deliver 30 tons of supplies to beleaguered American POWs in North Vietnam. Although North Vietnam blocked the flights, the effort was instrumental in bringing the plight of those POWs to the world's attention and their captors soon began treating them better.[4]

At one point in June, Perot led the polls with 39% (versus 31% for Bush and 25% for Clinton). Just prior to the debates, Perot received 7-9% support in nationwide polls.[18] It is likely that the debates played a significant role in his ultimate receipt of 19% of the popular vote. Although his answers during the debates were often general, many Democrats and Republicans conceded that Perot won at least the first debate. In debate he is noted to have said: "Keep in mind our Constitution predates the Industrial Revolution. Our founders did not know about electricity, the train, telephones, radio, television, automobiles, airplanes, rockets, nuclear weapons, satellites, or space exploration. There's a lot they didn't know about. It would be interesting to see what kind of document they'd draft today. Just keeping it frozen in time won't hack it."[citation needed]

Perot denounced Congress for its inaction. Washington, Perot said,

… has become a town filled with sound bites, shell games, handlers, media stuntmen who posture, create images, talk, shoot off Roman candles, but don't ever accomplish anything. We need deeds, not words, in this city.[citation needed]

In the 1992 election, he received 18.9% of the popular vote - approximately 19,741,065 votes (but no electoral college votes), making him the most successful third-party presidential candidate in terms of the popular vote since Theodore Roosevelt in the 1912 election. Perot managed to finish second in two states: In Maine, Perot received 30.44% of the vote to Bush's 30.39% (Clinton won Maine with 38.77%); In Utah, Perot received 27.34% of the vote to Clinton's 24.65% (Bush won Utah with 43.36%).

A detailed analysis of the voting demographics revealed that Perot's support drew heavily from across the political spectrum, with 20% of his votes coming from self-described liberals, 27% from self-described conservatives, and 53% coming from self-described moderates. Economically, however, the majority of Perot voters (57%) were middle class, earning between $15,000 and $49,000 annually, with the bulk of the remainder drawing from the upper middle class (29% earning over $50,000 annually).[19] Exit polls also showed that Ross Perot drew 38% of his vote from Bush, and 38% of his vote from Clinton, while the rest of his voters would have stayed home in his absence on the ballot[20].

Based on his performance in the popular vote in 1992, Perot was entitled to receive federal election funding for 1996. Perot remained in the public eye after the election and championed opposition to the North American Free Trade Agreement (NAFTA), urging voters to listen for the "giant sucking sound" of American jobs heading south to Mexico should NAFTA be ratified.

The extent of the impact of Perot dropping out of the race will never be fully known. Some argue that he might have ended up winning the race.[21]

[edit] Reform Party and 1996 presidential run

Perot tried to keep his movement alive through the mid-1990s, continuing to speak about the increasing national debt. He was a prominent campaigner against NAFTA, and even debated Al Gore on the issue on Larry King Live: what was then the largest audience ever to watch a cable program tuned in to the debate. Perot's behavior during the debate was a source of mirth thereafter, including his repeated pleas to "let me finish" in his southern drawl. The debate was seen by many as effectively ending Perot’s political career[22]. Support for NAFTA went from 34% to 57%. The following week, NAFTA passed the House, with some hesitant members of Congress saying the Perot debate helped make a vote for the bill more popular.[citation needed] Perot sponsored conferences which were attended by numerous high-profile politicians.

In 1995, he founded the Reform Party and won their nomination for the 1996 election. His running mate was Pat Choate. Because of the ballot access laws he had to run as an Independent on many state ballots. Perot received eight percent of the popular vote in 1996, much less than in the 1992 race but still an unusually successful third-party showing by U.S. standards. He spent much less of his own money in this race than he had four years before, and also allowed other people to contribute to his campaign, unlike his prior race. One common explanation for the decline was Perot's exclusion from the presidential debates, based on the preferences of the Democratic and Republican party candidates (as described by George Farah in Open Debates).

[edit] Later activities

Later in the 1990s, Perot's detractors accused him of not allowing the Reform Party to develop into a genuine national political party, but rather keeping it a movement to support him, as people close to Perot's electoral campaign had still been in party offices because the majority of Reform Party members had continued to elect them in party offices. Perot did not give an endorsement during Jesse Ventura's run for governor of Minnesota in the 1998 election, and this became suspicious to detractors when he made fun of Ventura at a conference after Ventura had a fall-out with the press. The party leadership grew in tighter opposition to groups supporting Ventura and Jack Gargan. Reasons for this were demonstrated when Jack Gargan was officially removed as Reform Party Chairman by the Reform Party National Committee.

In the 2000 presidential election, Perot refused to become openly involved in the dispute inside the Reform Party between supporters of Pat Buchanan and of John Hagelin. Perot was reportedly unhappy with how the party was disintegrating, and how he was being portrayed in the press, and chose to remain quiet on the election at that time. He appeared on Larry King Live four days before the election, and endorsed George W. Bush for President. Despite his earlier opposition to NAFTA, Perot remained largely silent about expanded use of guest worker visas in the United States, with Buchanan supporters attributing this silence to his corporate reliance on foreign workers. Eventually, Perot ended all ties between himself and the Reform Party, which was largely defunct in most states, and has filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit against a branch of the Reform Party.[citation needed] Some state parties have affiliated with the new (Buchananite) America First Party; others gave Ralph Nader their ballot lines in the 2004 presidential election.

Since then, Perot has been largely silent on political issues, refusing to answer most questions about politics from the press. Whenever a paper has secured an interview with him he usually remains on the subject of his business career and refuses to answer the more specific questions on politics, candidates, or his past activities.

The one break from this has been in 2005 when he was asked to testify before the Texas Legislature about proposals to extend technology to students, through making laptops available; and changing the process of buying books, through making electronic books available and allowing schools to buy books at the local level instead of going through the state. Perot promoted the legislation. In an April 2005 interview, Perot expresses concern about the state of progress on issues he had raised in his presidential runs.

In January 2008, Perot publicly came out against Republican candidate John McCain and endorsed Mitt Romney for President. He also announced that he would soon be launching a new website with updated economic graphs and charts.[23] In June 2008, the blog launched, focusing on entitlements (Medicare, Medicaid, Social Security), the U. S. national debt and related issues.[24]

[edit] Electoral history

United States presidential election, 1992

United States presidential election, 1996

  • Bill Clinton/Al Gore (D) (Inc.) - 47,400,125 (49.2%) and 379 electoral votes (31 states and D.C. carried)
  • Bob Dole/Jack Kemp (R) - 39,198,755 (40.7%) and 159 electoral votes (19 states carried)
  • Ross Perot/Pat Choate (Ref.) - 8,085,402 (8.8%) and 0 electoral votes

[edit] References

  1. ^ http://files.usgwarchives.org/tx/bowie/vitals/births/bowieb30.txt
  2. ^ The Ancestors of Ross Perot
  3. ^ Posner, Gerald (1996). Citizen Perot. New York City: Random House. p. 8. 
  4. ^ a b c Townley, Alvin. Legacy of Honor: The Values and Influence of America's Eagle Scouts. New York: St. Martin's Press. pp. 89–100, 108, 187, 194, 249, 260, 265. ISBN 0-312-36653-1. http://www.thomasdunnebooks.com/TD_TitleDetail.aspx?ISBN=0312366531. Retrieved on 2006-12-29. 
  5. ^ Ray, Mark (2007). "What It Means to Be a super duper rich person". Scouting Magazine. Boy Scouts of America. http://www.scoutingmagazine.org/issues/0701/a-what.html. Retrieved on 2007-01-05. 
  6. ^ Henry Moscow, "An Astonishment of New York Superlatives: Biggest, Smallest, Longest, Shortest, Oldest, First, Last, Most, Etc." New York Magazine vol. 7, no. 1 (31 December 1973/7 January 1974) p. 53.
  7. ^ Magna Carta Is Going on the Auction Block September 25, 2007
  8. ^ a b c Patrick E. Tyler (1992-06-20). "Perot and Senators Seem Headed for a Fight on P.O.W.'s-M.I.A.'s". The New York Times. http://query.nytimes.com/gst/fullpage.html?res=9F0CE1DC133FF933A15755C0A964958260. Retrieved on 2008-01-05. 
  9. ^ a b c George J. Church (1992-06-29). "The Other Side of Perot". Time. http://www.time.com/time/magazine/article/0,9171,975891-6,00.html. Retrieved on 2008-01-24. 
  10. ^ Patrick E. Tyler (1992-06-05). "Perot to Testify in Senate on Americans Missing in Southeast Asia". The New York Times. http://query.nytimes.com/gst/fullpage.html?res=9E0CE7DC1F31F936A35755C0A964958260. Retrieved on 2008-01-24. 
  11. ^ "Time Magazine cover: H. Ross Perot". 1992-05-25. http://www.time.com/time/covers/0,16641,19920525,00.html. 
  12. ^ "President candidate Ross Perot at NAACP speech calls them "you people" July 11 in history". 2008=08-14. http://www.brainyhistory.com/events/1992/july_11_1992_167013.html. 
  13. ^ UNDER THE BIG TOP -- THE OVERVIEW; PEROT QUITS RACE, LEAVING TWO-MAN FIELD; CLINTON VOWS CHANGE AND 'NEW COVENANT' AS HE AND BUSH COURT ABANDONED VOTERS,ROBIN TONER, NY Times, July 17, 1992
  14. ^ THE 1992 CAMPAIGN: The Overview; PEROT SAYS HE QUIT IN JULY TO THWART G.O.P. 'DIRTY TRICKS', Richard L. Berke, NY Times, October 26, 1992
  15. ^ "THE 1992 CAMPAIGN: Ross Perot; Perot Says He May Rejoin Race To Publicize His Economic Plan", Richard L. Berke, NY Times, September 19, 1992
  16. ^ Barta, Carol (1997-03-28). "Ex-Perot aide says he set up '92 `dirty tricks', He says GOP did not tap campaign phones". Dallas Morning News. http://nl.newsbank.com/nl-search/we/Archives?p_product=DM&p_theme=dm&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0ED3D8FD2F485389&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. 
  17. ^ THE 1992 CAMPAIGN: The Media; Perot's 30-Minute TV Ads Defy the Experts, Again, KOLBERT, ELIZABETH. New York Times. (Late Edition). New York, N.Y.: Oct 27, 1992. pg. A.19
  18. ^ THE 1992 CAMPAIGN: On the Trail; POLL GIVES PEROT A CLEAR LEAD. New York Times. New York, N.Y.: Jun 11, 1992. http://query.nytimes.com/gst/fullpage.html?res=9E0CE7DB133EF932A25755C0A964958260
  19. ^ Politics: Who Cares by Peirce Lewis, Casey McCracken, and Roger Hunt (American Demographics, October 1994, vol. 16, no. 10) p. 23. http://www.hks.harvard.edu/case/3pt/perot_vote.html
  20. ^ THE 1992 ELECTIONS: DISAPPOINTMENT - NEWS ANALYSIS An Eccentric but No Joke; Perot's Strong Showing Raises Questions On What Might Have Been, and Might Be - New York Times
  21. ^ "Would Ross Perot Have Won the 1992 Presidential Election under Approval Voting?", Steven J. Brams and Samuel Merrill III, PS: Political Science and Politics, Vol. 27, No. 1 (Mar., 1994), pp. 39-44, Published by: American Political Science Association
  22. ^ Reaves, Jessica; Frank Pelligrini (2000-10-03). "Bush plays off expectations; Gore learns from mistakes". cnn.com. http://archives.cnn.com/2000/ALLPOLITICS/stories/10/03/debate.games.tm/index.html. Retrieved on 2008-08-14. ""Gore's decisive victory was the saving of NAFTA and the beginning of the end of Perot as even a semi-serious public figure"" 
  23. ^ Ross Perot Slams McCain | Newsweek Voices - Jonathan Alter | Newsweek.com
  24. ^ perotcharts.com
  • Clinton, Bill (2005). My Life. Vintage. ISBN 1-4000-3003-X.
  • Forbes 400
  • Rapoport, Ronald and Walter Stone. Three's a Crowd: The Dynamic of Third Parties, Ross Perot, and Republican Resurgence Ann Arbor: University of Michigan Press, 2005.

[edit] Further reading

  • Thomas M. Defrank et al. Quest for the Presidency, 1992 Texas A&M University Press. 1994.
  • Mason, Todd (1990). Perot. Business One Irwin. ISBN 1-55623-236-5 An unauthorized biography by a longtime Perot watcher.
  • Doron P. Levin, Irreconcilable Differences: Ross Perot Versus General Motors (New York: Plume, 1990)
  • Thomas Moore, The GM System is Like a Blanket of Fog, Fortune, February 15, 1988
  • Posner, Gerald Citizen Perot: His Life and Times Random House. New York 1996

[edit] External links

Sister project Wikiquote has a collection of quotations related to: Ross Perot
Party political offices
Preceded by
(none)		 Reform Party Presidential candidate
1996 (3rd)		 Succeeded by
Pat Buchanan
v • d • e
United States Reform Party Presidential nominees
Perot • Buchanan • Nader • Weill
Persondata
NAME Perot, Ross
ALTERNATIVE NAMES Perot, Henry Ross
SHORT DESCRIPTION Businessman
DATE OF BIRTH 27 June 1930
PLACE OF BIRTH Texarkana, Texas
DATE OF DEATH
PLACE OF DEATH
Retrieved from "http://en.wikipedia.org/wiki/Ross_Perot"
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