Morton was born in Fort Worth, Texas in 1938. He went to Paschal High School, where he played football and wore #72 like his father before him. After graduating magna cum laude from Paschal in 1956, Morton left Fort Worth to attend college at The University of Texas at Austin. While at UT, Morton was active in the a cappella choir, fraternity life, student government, intramural football and the Texas Cowboys. He also found time to become a licensed pilot. Morton graduated from college in 1961 after earning a Bachelor of Arts degree in Economics and Philosophy. In 2005, Morton was a recipient of The University of Texas Distinguished Alumnus Award.
Beginning in 1961, Morton served as an active duty officer in the U.S. Army with an occupational specialty involving automatic data processing. Morton also served in the active reserves from 1963 through 1969.
Morton began his business career in 1963 at Bell Helicopter. In 1966, he joined Electronic Data Systems, Inc. as a systems engineer trainee, ultimately becoming President and Vice Chair and leading 45,000 employees. From 1971 through 1974, Morton served as the Chair and CEO of duPont Glore Forgan, a Wall Street brokerage firm. In 1984, Morton played a significant role in the sale of EDS to General Motors for $2.5 billion and became the chief technology officer at General Motors. Two and a half years after the sale to General Motors, with EDS’s revenue having grown four-fold, Morton retired.
From 1986 through 1992, Morton pursued private investment opportunities with Richard Rainwater and coached Michael Dell in the formative period of Dell Computer. In 1992, Morton re–joined the corporate world as Chair and CEO of Perot Systems. He retired again in 1998.
Currently, Morton is the Chairman of 2M Companies, Inc. Morton has been actively engaged in investment activities through 2M and its affiliates since 1985. Morton’s investment interests are diverse and have included financing, developing and managing real estate transactions, equity and debt financing for early–stage technology companies and early stage biotech.
Morton was elected into The American Academy of Arts & Sciences 2007 Class of Fellows. The Academy honors distinguished scientists, scholars and leaders in public affairs, business and the arts.
Morton was inducted into The Outsourcing Hall of Fame of the International Association of Outsourcing Professional in February 2013. The Outsourcing Hall of Fame is one of the most prestigious awards available to individuals who have worked in or who are working in the field of outsourcing.
From time to time, Morton has served on public and private company boards. Currently, he is active on the following boards:
Chairman—Alpha Dominche, a designer and manufacturer of craft coffee and tea brewing systems.
Director—ODIN Biotech, a biotechnology company focused on developing therapeutics for diseases of the retina.