Word: perot
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Billionaire H. Ross Perot said yesterday that Americans should keep faith in the capitalist system and "offer leadership in all walks of life to try to improve...
...country only works if citizens participate in it." Perot told an audience at the Business School yesterday. "Today most Americans don't participate or think about anything--that's why the country is in such a mess...
...idea has obvious problems-for one, even the most talented brokers cannot make much money for clients during a deep market slide-and Perot admits he has yet to come up with a formula for putting the policy into effect. Meanwhile, he is moving ahead on other fronts. In order to create a new breed of brokers for his firms, he has established a $14 million-a-year training center in Los Angeles. So far, it has graduated 72 students; a new class of 600 will start the six-month, eight-hour-a-day course this fall. Perot says...
...Perot also has mounted a million-dollar-plus ad campaign that trades frankly on the appeal of his Horatio Alger career and apple-pie patriotism. "For 38 years of my life I was a 'little guy,' " reads one ad. "There are so many of us. We are America. We make this big engine go. That's why duPont is interested in the individual investor." To make duPont more accessible to small investors, Perot has opened its offices six days a week. He has even suggested that U.S. stock exchanges stay open 24 hours a day so that...
Some sophisticated Wall Streeters consider Perot not only unrealistic but see his simplistic advertising appeals as potentially dangerous. If he really can sell the little guy on the stock market, they fear, he might unintentionally create a speculative mentality like that of the 1920s. But as the head of two of the biggest brokerages, Perot can hardly be ignored, and his evangelizing has converted at least some veteran financial men. As one old-line duPont Glore Forgan executive has confessed, "I haven't been so excited since I went on my first date...