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Posts Tagged ‘carlos slim’

Slim and Buffett Donate to Shakira’s ALAS

6:51 am By Maegan La Mala · Activism|business|Celebrities|Entertainment|Latin America · Comments Off

16 May 2008

ALAS, the non-profit organization dedicated to aiding impoverished communities in Latin America for which Shakira is a spokesperson and advocate, has received a major contribution from some of the world’s richest businessmen:

With the affirmation of “We are going to make history,” Shakira and Miguel Bosé announced on Thursday that the ALAS Foundation will receive a donation of 200 million dollars from businessmen Carlos Slim and Howard Buffett, as well as from wealthy families all over Latin America.

Slim alone is donating 110 million dollars to the cause. The Mexican businessman said he feels a social responsibility towards the less fortunate and said that as a member of ALAS he is using his business experience to help solve social problems.

American Buffett will contribute 85 million dollars. “Poverty has devastating consequences. Those who prefer to live with their eyes closed will see the consequences. ALAS will not allow it” said Miguel Bosé in a press conferenece two days before the massive free concerts that will be held for the cause, which will happen simultaneously in Mexico City and Buenos Aires.

capt.d788e31add33446aabb3ac4cda79207b.mexico_alas_mxev103.jpg In the photo above along with Shakira, Slim and Buffett are Spanish star David Bisbal and Peruvian singer Tania Libertad.

I’m sure the 110 million is no skin off of Slim’s nose, but it’s nice to see this happen. I’ve always found it to be an offensive contradiction that one of the world’s top 5 richest men would be from a country where half the population lives in poverty and one-fifth in extreme poverty.

Via / El Universal (Venezuela)

Image via AP/Yahoo News

Carlos Slim’s CompUSA folds

12:52 pm By Maegan La Mala · business|mexico|Money · Comments Off

10 Dec 2007

Mexican billionaire Carlos Slim is called “El Rey Midas” in Mexico, as it seems as if everything he touches turns to gold. But that hasn’t been the case with computer superstore CompUSA, which will fold after the Christmas shopping season:

As rumored last week, Carlos Slim Helu’s U.S. electronics chain CompUSA Management Co. will close after the holiday. Liquidator and restructuring firm Gordon Brothers Group LLC agreed to purchase the assets of the troubled Dallas-based retailer, which closed half of its stores in February. No financial details were given, but Boston-based Gordon Brothers is expected to find a buyer for CompUSA’s 103 store locations, e-commerce unit and its tech support business.

According to the Dealscape blog, over 100 CompUSA stores were closed in February. And while Slim and his guys chalk up the failure to competition from big box stores like Best Buy, anyone who’s visited a CompUSA store lately can tell you that from the terrible customer service to the non-competitive pricing to its archaic website, this business lost its relevance a while back.

Via / Dealscape

Image via Tyler Durden’s Imaginary Friend’s Flickr page

Carlos Slim Investing in Mexico’s Youth Via Computers

8:49 am By Jennifer Woodard Maderazo · Entrepreneurs|mexico · 1 Comment

4 Aug 2007

He may have just had his department store bombed, but that hasn’t hardened the heart of Carlos Slim. The billionaire promised to donate 250,000 low-cost laptop computers to Mexican children (why didn’t he spring for the spendy ones?). The machines cost $250 to $300 each. He hopes to be able to donate a million computers to schools and libraries who would then give them to children.

Sears Gets the Bomba in Oaxaca

12:24 pm By Jennifer Woodard Maderazo · mexico · Comments Off

1 Aug 2007

This morning a Sears store in Oaxaca was shaken by a small bomb. No injuries were reported. The attorney general of the Mexican city is blaming local organizations. A second, undetonated bomb was found at a U.S.-owned bank in the city. Sears stores in Oaxaca are owned by Carlos Slim.

Via / Yahoo!

VLMIL Candidate #15: Carlos Slim

12:54 pm By Jennifer Woodard Maderazo · business|Money|Polls2006|VivirLatino · 3 Comments

26 Jul 2006

Name: Carlos Slim Helú
Age: 66

Occupation: Billionaire businessman

Place of Residence: Mexico City

Bio: Carlos Slim Helú was born the son of Lebanese immigrant shop owners in Mexico City. From Wikipedia: “His father Julián Slim (Yusef Salim) Haddad, a Lebanese Maronite Christian, fled as a teenager to Mexico City in 1902, to escape the harsh military rule of the Ottoman Turks. Julián established a dry goods store called La Estrella del Oriente (Star or the Orient) in 1911, and shrewdly bought up some prime real estate in the city centre. Julián married the daughter of another prosperous Lebanese merchant, and had six children, of which Carlos was the fifth.”

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