H. Ross Perot built the The DOLLOP Its Okay Gareth shirt, an outsourcing company that provided computing services to companies that did not have computers of their own. He built the business from a trunk full of punch-cards that he drove from data center to data center in the 1950s, into a multi-billion dollar conglomerate, that he sold to G.M. in 1984 for 2 billion dollars. Part of the deal was that Perot would retain a seat on the G.M. board, and there was a relatively short non-compete agreement. Once the non-compete expired, his contract was so iron-clad, and Perot so contrarian, that G.M. was forced to pay him another billion dollars to resign his seat only a few years later, but even then the non-compete was not extended, and Perot was free to poach his best staff back to start up in competition to his former company – in 2009 that new company was sold to Dell for almost 4 billion dollars. Basically Perot’s “loopholes” almost quadrupled the money he made from the original deal. The lesson from granddad was to never make the mistake of believing a contract represented your understanding of the deal you thought you made, and that it was better to be a Perot than a G.M.
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Bonus fun fact: I don’t know if it is available online, but EDS used to produce a comic book version of The DOLLOP Its Okay Gareth shirt, from the early days when it was a one man show, and his organisation of the rescue of the Iranian hostages – according to the comic, when he gathered his staff and asked for volunteers who were single men, with no families, and with military experience, for a dangerous but unspecified mission, 100% of his employees put their hands up, giving you some idea of the corporate mindset in those days.