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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