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
Privatization is the incidence of process
of transferring ownership of business from
the public sector to the private sector.
Share issue privatization(SIP)- selling
shares on the stock market.
 Asset sale privatization –selling the entire
firm or parts of it to a strategic investor.
 Voucher privatization- shares of
ownership are distributed to all citizens,
usually for free or at a low price.

Wealthiest man in the world
 Net worth= $67.9 billion USD (2007)
 Born January 28, 1940
 Father from Lebanon
 Studied engineering at University
Nacional Autonoma de Mexico
 Married Soumaya Domit n 1967 and had
6 children.
 Wife died of Kidney ailment in 1999

August 8, 2007 featured
in Fortune magazine.
Surpassed Bill Gates who’s
Net worth was $58 billion
USD.
1965 with the bottling plant Jarritos del
Sur but increased in 1970 when his assests
became apart of Grupo Galas, now
known as Grupo Carso.
 During 1980’s more than 30 companys
joined the group
 Most successful transaction was Cigatam
and the Sanborns chain


Carlos Slim is now the richest man in the
world, thanks to his investments in
telecommunications, financial services,
and varies industries. Here is a
breakdown of his major holdings.
% of shares held
America Movil (wireless)
Carso Global Telecom
Grupo Carso
Inbursa (financial serv)
Ideal (infrastructure)
Saks Inc. (U.S retail)
30%
82%
75%
67%
30%
10%
Total:
Investment value
$31 billion
$12.9 billion
$ 7.1 billion
$5.6 billion
$1.7 billion
$263 million
$58.5 billion
VP of Mexican Stock Exchange
 President of Mexican Association of
Brokerage Houses
 1st president of Latin American
Committee of New York Stock Exchange
 Served in BOD for SBC Communication
 Majority share holder of CompUSA and
brought 3% of Apple Computer stock

Built Mexican financial-industrial empire
(Grupo Carso)
 Chairman of Telefonos de Mexico,
America Movil
 Awarded Entrpreneurial Merit Medal of
Honor from Mexicos Chamber of
Commerce.
 Gold patron of the American Academy
of Achievement

Slim leads the Latin America
Development Fund project and have a
budget of 10 billion for 2008 growth
 Bill Clinton stated “Carlos Slim is the most
important philanthropist in the world and
most people have never heard of him”.

Slim gain accomplishments when he led
investors such as France Telecom and
Southwestern Bell Corp into buying
Telmex and Telnor from the Mexican
government in 1990.
 Today 90% of telephone line are
operated by Telmex which is owned by
Carlos Slim.

Slim also owns Telcel which operates
80% of all its countries cell phones.
 Slims wireless carrier America Movil has
brought companies all across Latin
America and is now the regions
dominant company, with more than100
million subscribers.
 Slim owned 13% of MCI and sold his stake
to Verizon of the US on April 11, 2005.


According to some articles Carlos Slim
privatization is not good for Mexico. Why:
 Employment =only provides employment for a
quarter of a million Mexican workers ( Walmart employees $1.7 millions Mexican in
Mexico)
 Poverty= have of the country lives under
poverty lines, where the per capital income is
under $6.800 dollars. While Slim has $63 billion
 Border patrol=Immigration policy
YEAR
UNEMPLOYMENT RANK
% CHANGE DATE OF
INFORMATION
2003
3.00%
168
0
2002
2004
3.30%
167
10.00%
2003
2005
3.20%
27
-3.03%
2004
2006
3.60%
30
12.50%
2005
2007
3.20%
32
-11.11%
2006
Slim’s fortune was built in a country in which 62% of
the companies admit they set aside some of their
income to pay bribes to government employees in
order to obtain some benefit, and 30%of all public
resources allocated to Government contracts are
set aside for corruption. Furthermore, his fortune
increased with the purchase of a state-owned
company. During the 90’s, there were many
privatization of State monopolies in Latin America,
especially those with regard to electricity,
petroleum, telecommunications and transport.

The aim was to promote these companies’
productivity and efficiency, and to make
them work for the “protection” of the
citizens, and not to depend on
Government subsidies and promote
corruption and the distribution of privileges.
But in some cases, the only thing achieved
was the transfer of public monopolies to
private hands, often with the subsequent
sale of public assets to the highest bidder
and to the friends of the Presidential
Palace.
Mexico - 5,414
2007 est
GDP (PPP) 2006 estimate - Total $1.149
trillion (12th) - Per capita $11,249 (63rd)
 GDP (nominal) 2006 estimate - Total
$840.012 billion (short scale) (14th) - Per
capita $8,066 (55th)

http://www.mex.gov/assets/GDP/current
account
 http://en.wikipedia.org/wiki/carlosslim
 http://english.martinvarsavsky.net/gener
al/carlos-slim-is-the-richest-man-in-theworld-should-mexicans-be
proud.html/trackback
 http://en.wikipedia.org/wiki/Mexico
 http://www.indexmundi.com/mexico/un
employment_rate.html

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