Ross Perot nearly owned 70% of Home Depot, a stake that would be worth roughly $230B today, but the deal fell apart because Perot didn't want the founders driving Cadillacs. "When [Ken Langone], Bernie, and Arthur were starting Home Depot, Ken took them to Ross Perot and was like, 'We'll just get my buddy Ross to finance this thing.'" "There was a deal on the table and Ross Perot is going to own 70% of Home Depot and bankroll the whole thing, which today would be worth about $230B." "The whole thing blew up because Ross tried to dictate the type of car that Bernie and Arthur were going to drive." "They drove Cadillacs and Ross said, 'My guys don't drive Cadillacs. They drive Chevrolet. If you're going to drive a Cadillac, that's going to be a problem for me.'" "So the Home Depot guys walked away." - Acquired's @djrosent & @gilbert ▻
published
Ross Perot nearly owned 70% of Home Depot, a stake that would be worth roughly $230B today, but the deal fell apart because Perot didn't want the founders driving Cadillacs. "When [Ken Langone], Bernie, and Arthur were starting Home Depot, Ken took them to Ros
Open the original public source →
Latest documented BWB result
See Billy's timestamped results and follow-through.
Review the latest gains posts, original timestamps, and proof images published by Banking With Billy.
Historical results are not a promise of future performance. Trading involves substantial risk.This public post is a timestamped information archive, not personalized financial advice. Alerts can change as markets move. Join Billy's private group for the complete daily stream and follow-through.
