COMPUTERS: The Billionaire And the Kid

The Billionaire And the Kid

When H. Ross Perot was forced off the board of General Motors last December, many people wondered where he would park his $700 million settlement. Some of the money showed up in Silicon Valley last week: Perot announced he was buying a stake in Next, the computer venture of Steve Jobs, the co-founder and former chairman of Apple Computer. For $20 million, Perot, 56, joins the Next board and gets 16% of a company that is at least a year away from shipping its first product. Jobs, 31, will keep 63% for himself. "We feel we can call up Ross at...

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