As a top salesman for IBM, Ross Perot felt his business ideas were largely ignored by his superiors. So, with a $1,000 loan from his wife he founded Electronic Data Systems (EDS) in 1962, courting large corporations to use his data processing services. After dozens of rejections, he landed his first contract and eventually received lucrative deals for computerizing Medicare records from the U.S. government. In 1984, GM bought EDS and Perot became GMâ€™s largest individual stockholder and a member of the board of directors. In 1986, GM bought out Perotâ€™s stock for $700 million. Two years later, he started a new company, Perot Systems, and has built it into one of the largest companies in the information technology-services industry.
Quote: "You don't have to be the biggest to beat the biggest."