WALL STREET: The Perils of Perot

H. Ross Perot, the crew-cut Texas computer centimillionaire, was full of self-confidence in 1971 when he took control of Wall Street's ailing duPont Glore Forgan Inc., then the nation's third largest brokerage house. By pumping millions of his own into the firm and applying to its operations the data processing techniques that had made him rich, Perot vowed that "I am going to make it as solid as the Prudential."

Last year he took another step toward shoring up the still unprofitable duPont Glore Forgan by partially consolidating it with another big but...

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