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Southern Miss to Honor Ross Perot as 2006 Distinguished Entrepreneur
Oreck Corp. founder to be keynote speaker at award luncheon

Date 4-4-06

Contact Jana Bryant 601.266.5854


Hattiesburg—Two of the country’s most well-known entrepreneurs will be in Hattiesburg on Tuesday, April 18, for Distinguished Entrepreneur Lecture Series events at the University of Southern Mississippi.

Dallas businessman H. Ross Perot, founder of Electronic Data Systems and Perot Systems Corp., will be honored as the 2006 Distinguished Entrepreneur by the College of Business (COB) at a luncheon, with proceeds benefiting establishment of an endowed professorship in entrepreneurship in the college.

David Oreck, founder of the New Orleans-based Oreck Corporation and familiar TV face for marketing his company’s vacuum cleaners, will be the luncheon keynote speaker. Oreck, recipient of the college’s first Distinguished Entrepreneur award in 2001, will talk about his company’s recovery from Hurricane Katrina. Oreck vacuum cleaners are made in the company’s 375,000-square-foot factory in Long Beach.

During the luncheon, the College of Business will present Perot with the 2006 Distinguished Entrepreneur award, given to an entrepreneur whose individual spirit of determination and vision has resulted in an American success story. Cost for the luncheon is $35 and tickets must be purchased in advance through the convention center at 601.268.3200 or the COB dean’s office at 601.266.4659.

Perot will speak on entrepreneurship during the college’s annual Distinguished Entrepreneur lecture at 2:30 p.m. in the Mannoni Performing Arts Center, located on Southern Drive, across the street from the Elam Arms residence hall on Hardy Street. There is no admission charge for the lecture, and the public is invited.

“Mr. Perot is a business icon and a huge part of American culture. One of the most successful entrepreneurs of all time, he has solidified his place in history. We are extremely honored that he will share some of his life and business insights with our students and community,” said Dr. Harold Doty, dean of the College of Business.

A graduate of the U.S. Naval Academy, Perot started Electronic Data Systems (EDS) in 1962 with a $1,000 loan from his wife, Margot. Over the next 22 years he built EDS into one of the world’s largest technology services firms, and in 1984 he sold the company to General Motors for $2.5 billion.

In 1988, he founded another technology services company, Perot Systems Corporation. He served as chief executive officer and helped take the company public in 1999. He also served as chairman of the board until 2004, when he was elected chairman emeritus.

Perot ran for president of the United States in 1992 as an Independent candidate, winning 19 percent of the vote, one of the largest percentages ever for an Independent. He ran again in 1996 on the Reform Party ticket.

In addition to his successful business career, Perot has been involved in a number of public activities. In 1969, at the request of the U.S. government, he spearheaded a three and a half-year campaign to end the brutal treatment U.S. POWs received from their Southeast Asian captors. In recognition of his efforts, Perot was awarded the Medal for Distinguished Public Service, the highest civilian award presented by the Department of Defense.

In 1979, when two EDS employees were taken hostage by the Iranian government, Perot organized and directed a successful rescue mission. The rescue team was composed of a group of EDS employees, who were Vietnam War veterans, and led by retired Special Forces Col. Arthur “Bull” Simmons. The effort inspired the book “On Wings of Eagles” by Ken Follett, which was later made into an NBC television mini-series.

Perot has also been active in public policy issues in his home state of Texas. In 1979 he led the Texans’ War on Drugs Committee, and in 1984, led the effort to reform the public school system in Texas. He has received numerous awards and honors for his business and public activities, including the Winston Churchill Award, the Raoul Wallenberg Award, the Jefferson Award for Public Service, the National Business Hall of Fame and the Horatio Alger Award. Perot has also authored several books on a variety of subjects.

Luncheon keynote speaker David Oreck founded Oreck Corporation in 1963 and subsequently developed the popular eight-pound Oreck vacuum cleaner. The company also produces other floor care and water care products, which Oreck markets by direct mail, telemarketing, and a network of 500 company-owned and licensed Oreck retail stores around the country. The company has 1,500 employees nationwide.

Following Hurricane Katrina in August 2005, the company brought in temporary housing, generators, food, water and medial supplies for employees and reopened the manufacturing facility by mid-September.

Oreck is the recipient of numerous national advertising and marketing awards. He was recently awarded American Marketing Association’s “Marketer of the Year” for 2003 and was named both U.S. National Finalist and Louisiana Entrepreneur of the Year.

“Hosting two of the world’s most recognized entrepreneurs is a unique opportunity for Southern Miss and comes at a time when Mississippi is focused on rebuilding from Hurricane Katrina. As a university, we are focused on fully participating in the economic growth and vitality of the state of Mississippi. Furthering educational support in the area of entrepreneurship is one important way the business school can contribute to Mississippi’s economic expansion,” Doty said.

Manager-level sponsors of the luncheon are Isle of Capri Casino, Hudson Salvage Inc. and Ward International Trucks.

Investor-level sponsors are Citizens National Bank, Carlisle Corporation, Parkway Properties, BancorpSouth, H.D. Ruffin Companies, Trustmark Bank, Hancock Bank/Ross, King Walker, The First, A National Banking Association, Horne Group LLP, Hattiesburg Clinic, Chain’s Electric Company, Coca-Cola Bottling Company, Warren Paving Company, Jim Payne Foundation, Dr. Carlton Turner, Al Herron, AmSouth Bank and Wesley Medical Center.


Click to enlarge

Ross Perot


Click to enlarge

David Oreck

April 17, 2006 1:47 PM

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