The Little General with the Big Ears is back and he wants to own radio stations. I’m of course referring to H. Ross Perot, former candidate for U.S. president, who indirectly helped elect Bill & Hillary Clinton in 1992 and inspired radio veteran Chuch Harder. Perot is now 85 years old. Forbes says he is worth about $3.8 billion
H. Ross Perot’s Son is named Ross Perot Jr. – no H. The remains of Perot systems was sold to Dell Computers in 2009. The Perot money is sloshing around inside Petrus Holding Company. For whatever reasons, they decided to put money into radio.
The company they just “bought” mostly is operating the stations in New England that used to belong to defunct Nassau Broadcasting, one of the first speculators in radio stations to die. They had been backed with funding by Goldman Sachs, who largely funded the radio bubble in the late 1990s
Perot – another war hero, I think. Like McCain, there were better uses for his persona than screwing up an election, but it is what it is. It should be interesting to see what he does with Radio – he makes money, so that is a step in the right direction.
Perot’s hero-ness involved the 1979 Iranian Revolution. EDS had employees working in Iran who got stuck inside the country and Perot used his money and influence to get his employees out of Iran. A movie was made about it. I was working at Oldsmobile in 1982 when Perot’s company took over GM’s computer operations. A big part of GM’s motivation was to shed the unfunded pension obligations of its technical employees
Perot was appointed by the Governor of Texas to attend the U.S. Naval Academy in 1949. After he graduated, he applied for early discharge after 15 months of active duty. His superiors decided he was unfit to be an officer and recommended he be removed from his ship in the Pacific and assigned to desk duty. Perot is a leader, not one who follows orders from superiors.
I know nothing about his son, other than the nut usually doesn’t fall far from the tree. Welcome to generation two. Jr might escape the three generation rule, as he sold Dad’s business