Ross Perot Left IBM in 1962 and Started a Company With $1,000. In 1984, General Motors Bought It for $2.5 Billion
Ross Perot left IBM in 1962 with a borrowed $1,000 and started a company after his proposal was rejected. General Motors bought the company in 1984 for $2.5 billion.
Why it matters — The item describes GM's 1984 acquisition of the company Perot built after leaving IBM.