Covert Commissions Make Money and Social Media Bundles

Covert Commissions Make Money and Social Media Bundles

How Ross Perot befriended Steve Jobs and helped bring us the iPhone

The billionaire presidential nominee was disappointed by his investment in NeXT. But anyone who owns an iPhone, iPad, or Mac should be grateful.

Most of us will best remember Ross Perot, who died on Tuesday at 89, for his idiosyncratic runs for the presidency in 1992 and 1996. But the career of the Dallas billionaire, who realized his fortune by founding computer automation company Electronic Data Systems in 1962, is full of fascinating sidelights. One of them is his friendship with Steve Jobs and his investment in Jobs’s second startup, NeXT–the company whose technology eventually played a defining role in reaching Apple the 21 st century’s most iconic business success story.

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