In December 1986, the Board of Directors of General Motors must decide whether to accept a buyout agreement between GM and Ross Perot, director of GM and its largest shareholder. The agreement calls for the GM, to buy all the shares of GM pen in exchange for his resignation from the GM board and his resignation as chairman of EDS, Perot founded the company in 1963 and sold to GM in 1984. The case chronicles the history of the Pen / GM merger, and the friction between Perot and GM management that led to the buyout agreement. "Hide
by Jay W. Lorsch, James E. Seiler Source: Harvard Business School 31 pages. Date: 18 February 1991. Prod. # 491 027-PDF-ENG