Darwin Deason

Darwin Deason
Residence Dallas, Texas[1]
Nationality American
Occupation Businessman

Darwin Deason is an American businessman and political donor.

Career

Deason grew up on a farm near Rogers, Arkansas.[1] He moved to Tulsa, Oklahoma after graduating from high school, and he got a job at Gulf Oil.[1] Deason got a job for a data processing company, and eventually took control of a struggling Dallas company that he renamed MTech.[2] After selling MTech, Deason founded Affiliated Computer Services in 1988.[2] ACS became one of the first companies to outsource office work to places outside of the United States.[1] The company went public in 1994.[1] Deason retired as CEO of the company in 1999, but remained chairman.[1]

In 2007, Deason attempted to buy control of ACS with the help of Cerberus Capital Management, but the deal collapsed and members of the A.C.S. board resigned in protest.[3] In 2009, Deason negotiated a deal to sell A.C.S. to Xerox.[3][4] Shareholders sued Deason due to the premium that Deason received in the deal, but the sale went through in 2010.[2]

Political activity

Deason and his family donated $250,000 to support Rick Perry's 2012 presidential candidacy.[5] Deason also donated $5 million to support Perry's 2016 presidential candidacy.[6] After Perry dropped out of the race, Deason asked for his money back.[6] Deason's son, Doug Deason is a member of the Koch Brothers political network.[7] Deason and his family donated $1 million to support Donald Trump's 2016 presidential candiacy.

References

  1. 1 2 3 4 5 6 Bandler, James (30 December 2006). "Living Large and Bouncing Back". Wall Street Journal. Retrieved 15 October 2015.
  2. 1 2 3 Kroll, Luisa (7 May 2012). "Billionaire Darwin Deason Spends 'Absolutely Foolish Money' On His 205-Foot Mega-Yacht And Loves Every Moment". Forbes. Retrieved 15 October 2015.
  3. 1 2 Solomon, Steven Davidoff (29 September 2009). "Behind the Gambit in the A.C.S.-Xerox Deal". New York Times. Retrieved 15 October 2015.
  4. Corkery, Michael (28 September 2009). "Xerox-ACS: A Five Year M&A Odyssey and One Big Pay Day". Wall Street Journal. Retrieved 15 October 2015.
  5. Ballhaus, Rebecca (17 September 2015). "Perry Exit Leaves Donors Sizing Up Other Republican Candidates". Wall Street Journal. Retrieved 15 October 2015.
  6. 1 2 Cheney, Kyle (15 September 2015). "Rick Perry megadonor wants his $5 million back". Politico. Retrieved 15 October 2015.
  7. Lerner, Adam (3 February 2015). "Top Koch donors speak out publicly". Politico. Retrieved 15 October 2015.
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