SBC Slashes Deal to $2.5B, Perot Systems Overstated Savings To Land $6B SBC Deal, Says Source
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An industry source who worked at Swiss Bank Corp. (SBC) when the bank signed a $6.25 billion, 25-year outsourcing deal with Perot Systems two years ago (TST, September 18, 1995) says Perot "low-balled" the cost savings figures it presented to SBC to land the contract.
SBC recently altered the time frame of the outsourcing deal by cutting it back to 10 years with an estimated total price tag of $2.5 billion. In addition, the potential 40 per cent stake that SBC could have taken in Perot has been
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