- Jul 21, 2009
- 133,135
- 69,805
I didn't think to check before, but I feel this is a glaring conflict of interest.....the NEW YORK TIMES IS MAJORITY OWNED (17%) BY A MEXICAN NATIONAL!!!
WHAT THE FUCK IS GOING ON HERE???
What's worse....this asshole gave $1 million to the Clinton Foundation......
Carlos Slim Helu Born Jan. 20, 1940
Mexico City, Mexico
Residence Mexico City, Mexico
The New York Times - Wikipedia
Carlos Slim - Wikipedia
Carlos Slim loan and investment
On January 20, 2009, The New York Times reported that its parent company, The New York Times Company, had reached an agreement to borrow $250 million from Carlos Slim, a Mexican businessman and the world's second richest person,[84] "to help the newspaper company finance its businesses".[85] The New York Times Company later repaid that loan ahead of schedule.[86] Since then, Slim has bought large quantities of the company's Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held.[86] Slim's investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares,[87] and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9 million Class A shares.[86] As of March 7, 2016, Slim owned 17.4% of the company's Class A shares, according to annual filings submitted by the company.[88][89]
Although Slim is the largest shareholder in the company, his investment does not give him the ability to control the newspaper, as his stake allows him to vote only for Class A directors, who compose just a third of the company's board.[86] According to the company's 2016 annual filings, Slim did not own any of the company's Class B shares.[88]
Carlos Slim Helú (Spanish pronunciation: [ˈkaɾlos esˈlim eˈlu]; born January 28, 1940) is a Mexican business magnate, investor, and philanthropist.[1][2] From 2010 to 2013, Slim was ranked as the richest person in the world.[3][4] He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso.[5] As of 31 July 2016 he was #7 on Forbes listing of The World's Billionaires with a net worth estimated at more than $50 billion.[6]
His conglomerate includes education, health care, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-technology, retail, sports, and financial services.[1][2][7][8] He accounts for 40% of the listings on the Mexican Stock Exchange,[7] while his net worth is equivalent to about 6 percent of Mexico’s gross domestic product.[9]
In 1995 Slim established Fundación Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 had been provided with an asset base of US$4 billion to establish Carso Institutes for Health, Sports and Education. Furthermore, it was to work in support of an initiative of Bill Clinton to aid the people of Latin America.[19] Because Mexican foundations are not required to publish their financial information, it is not possible to confirm Slim's claims of charitable giving through a public source.[84] The foundation has organized Copa Telmex, an amateur sports tournament, recognized in 2007 and 2008 by Guinness World Records as having the most participants of any such tournament in the world. Together with Fundación Carlos Slim Helú, Telmex announced in 2008 that it was to invest more than US$250 million in Mexican sports programs, from grass-roots level to Olympic standard.[19] Telmex sponsored the Sauber F1 team for the 2011 season.[87] [88] [89] Telmex donated at least $1 million to the Clinton Foundation.[90]
WHAT THE FUCK IS GOING ON HERE???
What's worse....this asshole gave $1 million to the Clinton Foundation......
Carlos Slim Helu Born Jan. 20, 1940
Mexico City, Mexico
Residence Mexico City, Mexico
The New York Times - Wikipedia
Carlos Slim - Wikipedia
Carlos Slim loan and investment
On January 20, 2009, The New York Times reported that its parent company, The New York Times Company, had reached an agreement to borrow $250 million from Carlos Slim, a Mexican businessman and the world's second richest person,[84] "to help the newspaper company finance its businesses".[85] The New York Times Company later repaid that loan ahead of schedule.[86] Since then, Slim has bought large quantities of the company's Class A shares, which are available for purchase by the public and offer less control over the company than Class B shares, which are privately held.[86] Slim's investments in the company included large purchases of Class A shares in 2011, when he increased his stake in the company to 8.1% of Class A shares,[87] and again in 2015, when he exercised stock options—acquired as part of a repayment plan on the 2009 loan—to purchase 15.9 million Class A shares.[86] As of March 7, 2016, Slim owned 17.4% of the company's Class A shares, according to annual filings submitted by the company.[88][89]
Although Slim is the largest shareholder in the company, his investment does not give him the ability to control the newspaper, as his stake allows him to vote only for Class A directors, who compose just a third of the company's board.[86] According to the company's 2016 annual filings, Slim did not own any of the company's Class B shares.[88]
Carlos Slim Helú (Spanish pronunciation: [ˈkaɾlos esˈlim eˈlu]; born January 28, 1940) is a Mexican business magnate, investor, and philanthropist.[1][2] From 2010 to 2013, Slim was ranked as the richest person in the world.[3][4] He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso.[5] As of 31 July 2016 he was #7 on Forbes listing of The World's Billionaires with a net worth estimated at more than $50 billion.[6]
His conglomerate includes education, health care, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-technology, retail, sports, and financial services.[1][2][7][8] He accounts for 40% of the listings on the Mexican Stock Exchange,[7] while his net worth is equivalent to about 6 percent of Mexico’s gross domestic product.[9]
In 1995 Slim established Fundación Telmex, a broad-ranging philanthropic foundation, which as he announced in 2007 had been provided with an asset base of US$4 billion to establish Carso Institutes for Health, Sports and Education. Furthermore, it was to work in support of an initiative of Bill Clinton to aid the people of Latin America.[19] Because Mexican foundations are not required to publish their financial information, it is not possible to confirm Slim's claims of charitable giving through a public source.[84] The foundation has organized Copa Telmex, an amateur sports tournament, recognized in 2007 and 2008 by Guinness World Records as having the most participants of any such tournament in the world. Together with Fundación Carlos Slim Helú, Telmex announced in 2008 that it was to invest more than US$250 million in Mexican sports programs, from grass-roots level to Olympic standard.[19] Telmex sponsored the Sauber F1 team for the 2011 season.[87] [88] [89] Telmex donated at least $1 million to the Clinton Foundation.[90]
