H. Ross Perot was born in 1930 in Texarkana, Texas. In 1957 he went to work for IBM as a salesman. He then founded Electronic Data Systems (EDS) in 1962, which he sold to General Motors in 1984.
in 1979 he funded an operation during the Iran hostage crisis that resulted in the rescue of two of EDS employees.
Concerned over the budget crisis, he ran for president as an independent with Vice Adm. James B. Stockdale in 1992. They got a fifth of the popular vote and finished third in the election. Following his defeat he formed the Reform Party and ran as their presidential candidate in 1996, where he also came in third.