Can Gateway Round Up The Suits?

Ted Waitt's mission: Crack the corporate market, big time

Theodore W. Waitt, CEO of Gateway 2000 Inc., knows no obstacles. In high school, he longed to buy a bright yellow 1974 Jeep Cherokee, so he took a job washing dishes in a South Dakota hospital basement. His mother, Joan Waitt, still groans over how he would come home covered in grease. "It was disgusting," she says. But Waitt came up with half the cash, per the agreement with his parents, and bought the vehicle. "When he sets his mind to something," says his mother, "nothing gets in his way."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.