Henry Ross Perot (born June 27, 1930) is an American businessman and billionaire from Texas best known as a candidate for President of the United States (in 1992 and 1996). Perot founded Electronic Data Systems (EDS) in 1962. He later left the company, and founded Perot Systems with a similar ethos.

Perot was born in Texarkana, Texas. He entered the United States Naval Academy in 1949. 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 great discontent with his life in the Navy in a letter to his father. He quietly served the remainder of his four-year commitment and was discharged.

Ross married Margot Birminham of Greensburg, Pennsylvania in 1956. Over the years they had five children (Ross Jr., Nancy, Suzanne, Carolyn, and Katherine). As of 2002, the Perots have nine grandchildren.

When he left the navy in 1957, Perot became a salesman for International Business Machines (IBM). He quickly became a top employee and tried to pitch his ideas to supervisors who largely ignored him. He left IBM in 1962 to found EDS in Dallas, Texas and courted large corporations for his data processing services. Perot 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 magazine called Perot the "fastest, richest Texan" in a 1968 cover story. In 1984, General Motors bought EDS for $2.4 billion.

In 1979 the new government of Iran imprisoned two of his employees in a contract dispute. Ross 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 these two prisoners, they staged a jail break by all 10,000 inmates. The exploit was recounted in a book, On Wings of Eagles by Ken Follett, which became a best seller.

In 1984, Perot bought one of the original signed copies of the Magna Carta. This is the only copy to leave the United Kingdom. It is now on loan to the National Archives in Washington, D.C., where it is on display with the Declaration of Independence and Constitution.

Ross Perot put up the majority of the venture capital for Steve Jobs' 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 USD. In 1988 he founded Perot Systems in Plano, Texas.

Political Activities

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

"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?"

Meanwhile, discontent was boiling over amongst regular voters. In Florida in 1990, retired financial planner Jack Gargan used his own money to pay for a series of "I'm mad as hell and I'm not going to take it anymore" newspaper advertisements denouncing Congress for voting itself pay raises while regular people saw their wages stagnant. Gargan later founded "Throw the Rascals Out", which Ross Perot supported.

Although generally conservative in political ideology, Perot was not a fan of President George H. W. Bush and vigorously opposed the United States's involvement in the 1990-1991 Gulf War. He urged Senators to vote against the war resolution and began considering a Presidential run.

On February 20, 1992, he appeared on CNN's Larry King Live and announced his intention to run if his supporters could get his name on the ballot in all 50 states. With such declared policies as balancing the federal budget and enacting electronic direct democracy via "electronic town halls," he became a viable candidate and soon polled roughly even with the major party candidates. Discouraged by a reinvigorated Democratic party ticket of Bill Clinton and Al Gore after the Democratic National Convention, and claiming that Republican operatives were attempting to disrupt his daughter's wedding, Perot announced his withdrawal from the campaign late in the summer of 1992. Nevertheless, in September he qualified for all 50 state ballots. On October 1, he announced his intention to start running again. He campaigned in 16 states and spent an estimated $65.4 million of his own money. Perot's running mate was retired Admiral James Stockdale.

One reason Perot was so much more successful than typical third-party candidates was that he was allowed to participate in all three debates, based on his standing of having over fifteen percent support in leading public opinion polls, which was (and is) the standard used by the bi-partisan Commission on Presidental Debates. Although his answers were general, Perot's wit, folkisms, and straight talking were so impressive that even many Democrats and Republicans conceded that Perot won at least the first debate.

One question Perot was continually asked was could he, as an independent, govern.

Perot responded

"Can we govern? . . . I love that one. The 'we' is you and me. You bet your hat we can govern because we will be there together and we will figure out what to do and you won't tolerate gridlock, you won't tolerate endless meandering and wandering around, and you won't tolerate non-performance. And believe me, anybody that knows me understand I have a very low tolerance for non-performance also. Together we can get anything done."

Perot also called for a rethinking of basic American assumptions, including the Constitution.

"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."

Perot denounced Congress for its inaction in ways that seemed not only to display more than the common contempt for the Washington process, but also an intolerance for democracy. Washington, Perot said,

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

Perot called his 1992 campaign organization United We Stand America. Perot was late in making serious 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. Perot also opposed NAFTA.

In the election, he received 19% of the popular vote (but no electoral votes), making him the most successful third-party presidential candidate in terms of popular vote since Theodore Roosevelt in the 1912 election. Some analysts believe that Perot acted as a spoiler in the election, primiarliy drawing votes away from Bush and allowing Clinton to win many states with less than a majority of votes. After his success, Perot was entitled to receive federal election funding. In 1995 with his new funds, he founded the Reform Party and ran under this party in the 1996 election. He received just 8% of the popular vote in 1996, still an unusally successful third-party showing by U.S. standards. Additionally, it should be noted that he spent far less of his own money in this race than he had four years before, and also allowed other persons to contribute to his campaign, unlike his prior race. Many people believe this decline was due to his exclusion from the presidential debates, based on the preferences of the Democratic and Republican party candidates (as documented thoroughly in the book Open Debates by George Farah), but the exculsion was also on the rationale that he did not have over 15% support in national opinion polls as he did four years earlier.

Perot had tried to keep his movement alive in the middle 1990s. He tried to block NAFTA, and even debated Al Gore on Larry King Live. Perot sponsored conferences which were attended by numerous high-profile politicians. Perot endorsed the 1994 Republican Contract with America and urged Americans to vote for Republican candidates that year.

Perot seemed to resent efforts to make the Reform Party into a genuine national political party rather than just a movement to support him. Perot did not support Jesse Ventura's run for governor of Minnesota in the 1998 election, and even made fun of Ventura at a conference. Perot wanted his own people to run the Reform Party and fought the Ventura-Jack Gargan wing.

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. Eventually, Perot endorsed Republican candidate George W. Bush for president, and ended all ties between himself and the Reform Party, which is now largely defunct in most states.

Perot remains a colorful figure, and is both admired and mocked for his somewhat eccentric personality. Editorial cartoonists and comedians often made light of his large ears, squeaky Texas drawl, and penchant for using pie charts to illustrate his points.