• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

New York City women are making up to $30,000 per month by renting out their closets to strangers

2

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind

3

An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948

1

New York City women are making up to $30,000 per month by renting out their closets to strangers

2

College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind

3

An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
LeadershipDonald Trump

What Donald Trump can learn from Ross Perot

By
Ben Geier
Ben Geier
Down Arrow Button Icon
By
Ben Geier
Ben Geier
Down Arrow Button Icon
June 19, 2015, 12:51 PM ET
Donald Trump Presidential Announcement
Photograph by Steve Sands — Getty Images
Add Fortune on Google for similar content.

So, Donald Trump is running for president. After teasing, threatening and flirting with a run since as far back as 1988 — yes, Trump really did consider running against sitting Vice President George H.W. Bush in 1988 — this time we’ve got the real deal.

Trump joins luminaries like Steve Forbes, Ross Perot, and Herman Cain in the roster of businesspeople who’ve tried to go from the C-Suite to the Oval Office. So, what can he learn from those who came before him?

Put simply, the message is, “don’t be like them.” Because they all lost, and lost spectacularly.

“Very little has worked when businesspeople have tried to translate into the political realm,” said Jeane Zaino, a political science professor at New York University.

Some of the biggest flameouts from recent years: Pizza magnate Herman Cain led the polls briefly in late 2011, but a sexual harassment scandal combined with a few embarrassing gaffes related to foreign policy led him to suspend his campaign before primary season even started.

Publisher Steve Forbes sought the Republican nomination in 1996, but won just two primaries, coming in third behind Pat Buchanan and eventual nominee Bob Dole.

Ross Perot, a tech entrepreneur, ran as an independent in both 1992 and 1996. In 1992, he actually won a remarkable 19 million votes, but didn’t manage to win a single state or electoral vote.

And if you want to go way back, corporate lawyer Wendell Wilkie won the Republican nomination in 1940, before a formal primary system was in place, but he was trounced in the general election by sitting president Franklin Roosevelt.

Businesspeople with enough clout to run for president tend to have already achieved significant success and public recognition—with his many buildings and his reality show, Trump certainly qualifies. All of that success can lead to the misguided belief that whatever recipe led to their rise in business will somehow work in politics. “I think candidates who feel they can translate that easily are stunned, if not shocked” about the world of difference between what is required of a businessman versus a politician, Zaino said.

For one thing, their relationship with the media will change. As a businessperson, the media is mostly interested in what makes your company work — how you operate, what your strategy is, etc. Once you’re running for office, the media wants to know about your position on every policy, they want to know about your personal life, and they want to know about your family—and you have to take it, or else you look bad.

Zaino brings up a moment in 2012 when Cain, after being asked an annoying question by a reporter, looked at an adviser and remarked that the campaign would have teach this journalist how to behave. In a country that desires openness from its politicians even more than it dislikes the press, that was a bad move.

Given that Trump has a history of testy relationships with the media — see his epic Twitter meltdown after a somewhat unflattering BuzzFeed article last year — this could be a real problem as the bloodhounds of the political media corps are let loose on Candidate Trump.

The biggest hurdle for businesspeople trying to become politicians, though, is the fact that communicating a business plan with your employees is extremely different from communicating a plan for a country to voters. No matter how much we may say otherwise, a nation is not a business. And the tactics that work when you want to sell your rank-and-file at Company X that your plan will make everyone rich will not fly when you need to sell a Middle America voter that your plan will bring peace and prosperity to everyone.

Herman Cain became a laughingstock for his “9-9-9” plan, because it was the kind of buzzword laden, details-sparse strategy that looks good on the cover of an annual report to shareholders but not so hot when you have to explain in a debate how you plan on implementing it.

Now, some business candidates can make this work. Zaino points to Ross Perot. “Perot, I think, did a masterful job,” she said. “His whiteboard, speaking to people in a very common-sense fashion.” Trump, however, is known for bluster and extravagance, not folksy conversation. Zaino isn’t sure he has the charm or the message to follow Perot’s lead.

To be sure, Trump is not your typical businessperson candidate. He’s a celebrity and a reality show star. But if he actually wants to make a real run at this, he’ll have to learn that those two things does not a politician make.

About the Author
By Ben Geier
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk’s reply: ‘I am actually going to do something along these lines’
SuccessElon Musk
A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk’s reply: ‘I am actually going to do something along these lines’
By Sydney LakeJuly 27, 2026
2 hours ago
Palantir spent $17.2 million flying its CEO Alex Karp around in 2025. It’s part of a private-jet boom sweeping the C-suite
C-Suitepalantir
Palantir spent $17.2 million flying its CEO Alex Karp around in 2025. It’s part of a private-jet boom sweeping the C-suite
By Sam Klebanov and Morning BrewJuly 27, 2026
2 hours ago
Elon Musk’s vision of a post-money future got mocked. Vinod Khosla warns it could become a dystopia instead
AIthe future of work
Elon Musk’s vision of a post-money future got mocked. Vinod Khosla warns it could become a dystopia instead
By Nick LichtenbergJuly 27, 2026
2 hours ago
l
Arts & EntertainmentWealth
LeBron James joins California’s billionaire exodus, but he may not escape the wealth tax
By Nick LichtenbergJuly 27, 2026
3 hours ago
People at dinner table paying the bill
Personal FinanceVisa
About half of Gen Z owe their friends more than $1,000, while nearly another half goes into debt to cover group expenses they expect to be repaid
By Catherina GioinoJuly 27, 2026
3 hours ago
cb
C-SuiteRestaurants
Cracker Barrel CEO steps down nearly a year after logo change inflamed Trump country
By Dee-Ann Durbin and The Associated PressJuly 27, 2026
3 hours ago

Most Popular

New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
15 hours ago
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
Economy
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
By Mia OsmonbekovJuly 26, 2026
2 days ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
3 days ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
2 days ago
I've been teaching college students for decades. Most of them can no longer finish a book
Commentary
I've been teaching college students for decades. Most of them can no longer finish a book
By Austin SaratJuly 26, 2026
2 days ago
One-third of Seattle's downtown is empty: Here's how America's boomtown turned into one of the toughest places to find a job
Real Estate
One-third of Seattle's downtown is empty: Here's how America's boomtown turned into one of the toughest places to find a job
By Nick LichtenbergJuly 27, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.