View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 8, 1987

GM’S ROGER SMITH SPEAKS PUBLICLY ABOUT PAY OFF OF ROSS PEROT

By CBR Staff Writer

General Motors chief Roger Smith has for the first time spoken publicly about the reasons for paying off Electronic Data Systems founder Ross Perot, in effect saying that when a marriage breaks up you have to pay alimony: he says that GM’s relationship with Perot had broken down irreparably, and that the separation had nothing to do with his public criticisms of GM policy, it was rather because he flouted the company’s rules of corporate governance, refusing to allow GM auditors free access to the books of EDS, and contested GM’s right to set the salaries of EDS executives – he couldn’t accept that he had sold EDS to GM according to Smith.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU