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Topic: Carlos Slim Helu


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  Carlos Slim Helú - Wikipedia, the free encyclopedia
Carlos Slim Helú (born January 28, 1940 in Mexico City) is a Mexican businessman.
Slim is accused of using his influence on political leaders to ensure that Telmex's near monopoly on the communication market was maintained, allowing high rates to be maintained.
Slim has been awarded the Entrepreneurial Merit Medal of Honor from Mexico's Chamber of Commerce; he received the "Golden Plate Award", granted by the American Academy of Achievement and the Government of Belgium awarded him the Leopold II Commander Medal.
en.wikipedia.org /wiki/Carlos_Slim_Helu   (940 words)

  
 Slim - Wikipedia, the free encyclopedia
Slim (movie), a 1937 film adaptation of the William Wister Haines novel starring Henry Fonda
Carlos Slim Helú, the third richest man in the world
Slim Gaillard, half of the "Slim and Slam" partnership
en.wikipedia.org /wiki/Slim   (154 words)

  
 Vicente Fox and Carlos Slim on the economy of Mexico
Mexican magnate Carlos Slim Helu, the richest man in Latin America, cuttingly criticized the government of Vicente Fox Quesada and the economic course the president is steering during a March 23 speech to industrialists and entrepreneurs in Mexico City.
Carlos Slim [63] is the chairman of Grupo Carso, a Mexican conglomerate that today ranges from North America to Tierra del Fuego.
Slim added that public funds should not continue to be used to finance expenditures such as the system of pensions for public employees.
www.mexidata.info /id164.html   (692 words)

  
 Like father, like sons? | The San Diego Union-Tribune
Carlos Slim Helu is the richest man in Latin America and founder of a $16 billion business empire.
Slim and his three sons and three daughters declined to be interviewed.
Carlos Slim Domit Jr., 37, is chief executive of Telmex, part of the family's Grupo Carso conglomerate.
www.signonsandiego.com /uniontrib/20040821/news_1b21slim.html   (966 words)

  
 World's third richest man is an hombre on a misión - Business - Business
The portly and bearded Carlos Slim Helu, 66, is a widower.
Slim, his critics argue, is merely bending with the wind of change that has brought figures such as Venezuela's Hugo Chavez and Bolivia's Evo Morales to power.
Slim, who has a nose for a bargain and a history of successfully gambling on unstable markets, was one of the first people in Mexico publicly to align himself with Lopez Obrador when he become Mexico City's mayor six years ago.
www.theage.com.au /news/business/worlds-third-richest-man-is-an-hombre-on-a-misi243n/2006/06/14/1149964606179.html   (877 words)

  
 Wired 9.01: Yo Quiero Todo Bell
Slim is largely unknown outside Mexico - except, that is, in telecommunications, where multinational giants AT&T and WorldCom consider him a ruthless, gouging monopolist who is stifling competition at the expense of the Mexican people.
Slim deflects the issue in the way you might expect from a man who has weathered decades of third world economic unrest - with confidence.
Slim can afford to wait for Fox to make the first move, while maintaining for as long as possible the kind of monopoly-level profits he's grown accustomed to.
www.wired.com /wired/archive/9.01/slim.html   (1142 words)

  
 SLIM'S PICKIN' GIANT By ZACHERY KOUWE - New York Post Online Edition: Business   (Site not responding. Last check: 2007-10-23)
The Slim family, whose fortune is estimated to be $30 billion, is jumping into a dynamic situation with Univision, as American media giants look for a foothold in the fast-growing Spanish-language broadcasting business.
Slim's father, Carlos Slim Helu, made nearly $1 billion buying the debt of bankrupt WorldCom, which was bought by Verizon after a prolonged bidding war with rival Qwest Communications last year.
Slim is a member of Televisa's board of directors, which decided last week to pursue a takeover of Univision along with several private equity firms.
www.nypost.com /business/67733.htm   (461 words)

  
 Bite Back! The return of the co-op - NI 368 - Worldbeaters: Carlos Slim Helu
Carlos Slim is a man with a mission.
Carlos Slim’s father, Julian, fled the Ottoman Empire’s military draft as a teenager and wound up in Mexico in 1902.
Slim wants to protect his home base at the same time as he looks abroad and he knows the power of populism.
www.newint.org /issue368/worldbeaters.htm   (1073 words)

  
 SignOnSanDiego.com > News > Mexico -- Carlos Slim's son named chairman of Mexico's Telmex
Telefonos de Mexico (Telmex) said in a press release Thursday night that Slim Helu, the richest man in Latin America, was appointed honorary lifetime chairman of the board of directors.
Slim Helu, 64, is the owner of a retail and telecoms empire that stretches from the United States to Argentina.
Carlos Slim is the son of immigrant Lebanese who built his empire by turning companies around, an ability that won him the nickname "King Midas."
www.signonsandiego.com /news/mexico/20040430-0634-telecoms-mexico-telmex.html   (303 words)

  
 Slim's New World (int'l edition)
Slim is already at the vanguard of that revolution in Mexico, where he runs the leading Internet service provider and has become a major computer seller.
Slim's few indulgences are a giant humidor stocked with Cuban cigars and one of the world's largest private collections of Rodin sculptures.
As Slim and his sons continue to build up the tech side of their family business, Slim is approaching the task with almost missionary zeal.
www.businessweek.com /2000/00_08/b3669020.htm   (2123 words)

  
 World Water Forum Bulletin - 4TH WORLD WATER FORUM HIGHLIGHTS - MONDAY, 20 MARCH 2006
Carlos Slim Helú, Chairman of Grupo Carso, provided an historical overview of water distribution, the climatic changes affecting it, and humankind’s relationship with water.
Slim Helú said this public service would operate under the scheme of cost subsidies, highlighting the importance of subsidizing lower-level consumption and selling at higher cost to those who consume most and use water for their businesses.
Slim Helú acknowledged the importance of awareness but insisted that the basic problem is water supply and treatment rather than consumption.
www.iisd.ca /ymb/worldwater4/html/ymbvol82num13e.html   (5202 words)

  
 Boston.com / Business / Slim resigns from SBC board of directors   (Site not responding. Last check: 2007-10-23)
Mexican billionaire Carlos Slim Helu, who long controlled his nation's telephone monopoly, has resigned as a director of SBC Communications Inc., according to a Thursday filing by SBC with the Securities and Exchange Commission.
Slim was appointed honorary chairman for life and his son, Carlos Slim Domit, succeeded him as chairman.
Slim was recently named No. 17 on Forbes magazine's list of the world's richest people.
www.boston.com /business/articles/2004/07/01/slim_resigns_from_sbc_board_of_directors   (247 words)

  
 MEMORANDUM
Slim’s purchase of CompUSA is one of the largest purchases of an American company by a Mexican businessman.
Slim controls Telefonos de Mexico, which was formally state owned, and would like to push his company into being a transnational company of the millennium.
Slim made when he acquired CompUSA could prove to be another instance in his record of picking bargains.
oak.cats.ohiou.edu /~ad350998/esp/memo1.htm   (469 words)

  
 Wall Street Journal Project
Carlos Slim Helu and two co-defendants petitioned before a judge to overturn a $454.5 million judgment against them pleading that he did not conspire to disrupt COC Services Ltd. plans to open retail computer stores in Mexico.
Slim concluded that he was against opening CompUSA outlets in Mexico because he fears intense competition form other retailers and a lack of a large, affluent middle class that could afford computers.
Slim's lawyers believed the verdict was contrary to evidence presented at the trial.
oak.cats.ohiou.edu /~rv117498/esp/wsj1.htm   (1741 words)

  
 Richest man in Mexico turning business reins over to 3 sons | Arizona Daily Star ®
In March, Carlos Jr., 37, was named chief executive officer of Telmex, the communications behemoth with expected 2004 sales of about $12 billion.
Slim and his three sons and three daughters declined to talk for this story.
Soon the sons will be tested as the Slim family companies look beyond Mexico - to the United States and the rest of Latin America - for new turf to conquer and as a raft of competitive threats appears on the horizon.
www.azstarnet.com /sn/printDS/34516   (505 words)

  
 CareerJournal | Who's News -- Executive Job Changes
Slim Helu, 64 years old, was appointed honorary chairman for life of both companies.
Slim, considered Latin America's wealthiest man, left his post as chairman of dominant landline phone company Telefonos de Mexico SA and named his other son, Carlos Slim Domit, as his successor.
Slim explained in his letter of resignation to the company that he resigned in order to have more time to get involved with health, education and environmental initiatives in Latin America.
www.careerjournal.com /recruiters/whosnews/2004/07/20040716-whosnews-0.html   (191 words)

  
 USATODAY.com - MCI's largest shareholder to sell stake to Verizon   (Site not responding. Last check: 2007-10-23)
In a statement released over the weekend, Qwest decried the Slim deal as unfair to MCI's other shareholders and said it continues to believe that its latest offer of almost $9 billion, or $27.50 a share, is superior.
Slim is getting $25.72 in cash, upfront, for each of his 43.4 million shares.
Verizon is paying Slim $2.62 a share more than it has agreed to pay for the rest of the company.
www.usatoday.com /money/industries/telecom/2005-04-11-verizon-mci-usat_x.htm   (505 words)

  
 Light Reading Insider
Slim owns 13.5 percent of MCI Inc. (Nasdaq: MCIP - message board), and last week, when the carrier announced a dividend to shareholders, it meant a $68.1 million payout to Slim as MCI shares rose 16 percent on the news.
Ryan says Slim's interest may be in companies that give him access to the underserved immigrant Latino population in the U.S. and the ever-growing cross-border telecommunications traffic.
In July, when Slim resigned from the board of SBC, a position that often put him in conflict with his MCI interests, he gave the seat to his son, Carlos Slim Domit.
www.lightreading.com /insider/document.asp?doc_id=57637&site=lightreading   (814 words)

  
 The Different Faces of Carlos Slim of Mexico
A friend of Carlos Salinas de Gortari during the former president’s privatization spree, Slim was part of the consortium that won Telmex for US$1.7 billion in 1990.
But Slim didn’t do what the winners of the privatized banks did – run them into the ground, in some cases stealing customer deposits, and in all cases leaving the taxpayer holding the bag.
As his businesses grow, Slim is turning more attention to serving the community, mainly through two charitable foundations – the Grupo Carso Foundation, started in the 1980s, and the Telmex Foundation, established in 1996.
www.mexidata.info /id815.html   (779 words)

  
 4th World Water Forum, Mexico City, March 20, 2006
They also heard a keynote presentation by Carlos Slim Helú, Chairman of Grupo Carso, and a regional presentation focused on the Middle East, North Africa and Central Asia, a region experiencing the greatest water scarcity on the planet.
Carlos Slim Helú, Chairman of Grupo Carso, provided a historical overview of water distribution, the climatic changes affecting it, and humankind's relationship with water.
Carlos Garcés-Restrepo, FAO, noted that capacity-building projects are increasingly recognized as full projects in their own right, not just as a component of project funding proposals.
www.iisd.ca /ymb/worldwater4/mar20.html   (1206 words)

  
 Verizon's Slim Deal
Institutional shareholders -- among others -- are criticizing Verizon's decision to pay $1.1 billion for a 13.75% stake in MCI held by Mexican billionaire Carlos Slim Helu.
Slim will receive, since he will have the use of that cash shortly, while other MCI owners would have to wait until closing if Verizon offered the same price, including the same effective call option on Verizon's stock.
Additionally, under the agreement, Verizon said it would pay Slim's entities a bonus after one year, in an amount per MCI share equal to 0.7241 times the amount by which the price of Verizon's common shares exceed $35.52, measured over a 20-day period.
www.thestreet.com /pf/tech/telecom/10216862.html   (359 words)

  
 Verizon to buy 13 percent of MCI from Mexico's Slim   (Site not responding. Last check: 2007-10-23)
Verizon Communications Inc. has struck a deal with Mexican telecommunications magnate Carlos Slim Helu to acquire his 13.4 percent stake in MCI Inc., Verizon said Saturday.
Slim is the world's fourth richest man and has a fortune of $23.8 billion, according to Forbes Magazine's most recent estimate.
The deal with Slim was criticized by Bill Miller, chief executive officer of Legg Mason Capital Management, who wrote in a letter to MCI's board that Verizon's higher offer to Slim confirmed that its previous $23.50 offer should not be accepted.
www.itworld.com /Tech/2428/050411verizonmci/search.html   (353 words)

  
 Carlos Slim, Jr.: a tycoon's heir in big business Latino Leaders: The National Magazine of the Successful American ...
Carlos Slim Domit has proven that being the son of the wealthiest businessman in Latin America--Carlos Slim Helu--is not what it takes to be at the forefront of the biggest telephone company in Mexico.
Some say Slim makes $5,000 US every two minutes, and others joke that he is now investing outside Mexico only because there is nothing left in the country to invest in.
A couple of months ago, Carlos Slim Helu passed Telmex's helm to his oldest son, Carlos Slim Domit.
www.findarticles.com /p/articles/mi_m0PCH/is_4_5/ai_n6179833   (474 words)

  
 MCI Shareholders: Verizon's Slim Deal Sounds Shady
Carlos Slim Helu has been a problem for Verizon (Quote, Chart).
For example, Helu will receive his cash in just a few weeks, while other MCI shareholders would wait until the transaction officially closes -- a potentially lengthy process that involves regulatory approval.
Slim, Verizon has both created two classes of shareholders and called into question the MCI board's previous determination that Verizon's lower offer to the other MCI shareholders was superior and fair," Qwest said in response.
www.internetnews.com /bus-news/article.php/3496761   (483 words)

  
 WJLA - Mexico's Slim Among World's 5 Richest Men   (Site not responding. Last check: 2007-10-23)
Slim has a ways to go before catching Bill Gates, who led the Forbes list with $46.5 billion, about twice Slim's fortune.
Many here say Slim is able to buy so much - a large stake in MCI, as well as cell phone and land carriers throughout Central and South America - because of cash cow Telmex, in which the government essentially handed him a monopoly at a 1991 privatization sale.
Slim's businesses are contributing to the development of the country and its areas of poverty."
www.wjla.com /headlines/0305/213063.html   (649 words)

  
 CBS News | Verizon Paying $1.1B for Stake in MCI | April 9, 2005 23:51:13
The deal values Slim's 43.4 million shares at a 11 percent premium to the $23.10 per share Verizon agreed to pay MCI's other shareholders two weeks ago in a sweetened $7.5 billion deal.
Slim, Verizon has both created two classes of shareholders and called into question the MCI board's previous determination that Verizon's lower offer to the other MCI shareholders was superior and fair," Qwest said in a statement Saturday.
Slim shares were not included in the poll results, a source close to Qwest, who asked to remain anonymous, said on Saturday.
www.cbsnews.com /stories/2005/04/09/ap/business/mainD89C6KSO0.shtml   (536 words)

  
 Carlos Slim Makes a Move for Univision
The powerful family of Carlos Slim Helú, Mexico's richest man, has bought a $288 million, or approximately 2.8 percent, stake in Univision Communications Inc., reported the Mexican press.
Citing a Televisa SEC filing, the article states that Slim Domit purchased 8.5 million U.S.-traded shares at an average $33.83 a share from March 9 through March 20.
His father and business partner, Carlos Slim Helú, was listed by Forbes magazine as the world's third-richest person, with $30 billion.
www.marketingymedios.com /marketingymedios/noticias/article_display.jsp?vnu_content_id=1002383463   (230 words)

  
 [No title]   (Site not responding. Last check: 2007-10-23)
MEXICO CITY, April 24 (Reuters) - The eldest son of Mexican tycoon Carlos Slim Helu will not need to step down from Televisa's board as a result of buying a stake in the broadcaster's U.S. partner, Univision, a Televisa source said on Monday.
Last month, Carlos Slim Domit purchased 2.8 percent of Univision Communications Inc. (UVN.N: Quote, Profile, Research) for about $288 million.
Slim Domit's acquisition of Univision shares "was purely a personal investment," the source told Reuters.
today.reuters.com /business/newsArticle.aspx?type=media&storyID=nN24323479   (351 words)

  
 BBC News | BUSINESS | Mexican billionaire backs CDNow
Carlos Slim Helu's investment has bought him a 9.2% stake, according to filings with the US Securities and Exchange Commission.
Carlos Slim Helu paid an average of $17.43 per share, although the price paid per share in the past two months fell to between $3.83 and $8.27, according to the filing.
CDNow shares were up 30 cents to $4.20 in morning trade on the Nasdaq stock market, worth just 20% of their highs for the past year.
news.bbc.co.uk /1/hi/business/738221.stm   (433 words)

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