...University Rafael Esparza MGT545 – Leadership Practice & Theory Carlos Slim Helu Professor Wayne Gru Content Background Followers and Situation Contextual and Operational Leadership Motivational approach Theories and models Social Responsibility and Ethics Lessons learned Carlos Slim Helu Background Carlos Slim comes from a very modest background and he is a caring man who is helping others not as fortunate as himself by way of empowering them with a skills set and employment. Julian Slim, a Lebanese immigrant and Carlos’ father, began acquiring real estate in Mexico City during the revolution of 1910. As a result, at the young age of 12 Carlos began to exhibit a great interest in numbers and even began buying shares of Banco de Mexico. At the age of 13 his father passed away and Carlos, along with his family, found themselves struggling. Knowing he needed to do something he decided to enroll at the Autonomous National University of Mexico (UNAM) and study civil engineering. After graduation he delved into teaching mathematics and linear programming for a few years. Later he incorporated his first business, a stock brokerage firm called Inversora Burastil. That same year he married Soumaya Domit; in future business ventures he combined the first letters of their names and created his holding company Grupo Carso (Academy of Achievement). Carlos has six children (three sons and three daughters) Carlos Jr., Marco Antonio, Patrick, Soumaya, Vanessa and Johanna. He employs...
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...Carlos Slim Swimming Against the Tide Carlos Slim Helú was born on January 28, 1940. He is a Mexicanbusiness magnateandphilanthropist who is currently ranked as therichest person in the worldin 2012. Slim has beenranked the richest person in the world since 2010. His extensive holdings in a considerablenumber of Mexican companies through hisconglomerate,Grupo Carso,SA de CV, haveamassed interests in the fields of communications, technology, retailing, and finance. Presentlyhe is the chairman and chief executive of telecommunications companiesTelmexandAméricaMóvil. Carlos Slim was born inMexico City,Mexico in 1940 toMaroniteChristian parents Julián SlimHaddad and Linda Helú, both of Lebanesedescent. His father, born as Khalil Slim Haddad,immigrated to Mexico at the age of 14 in 1902 and changed his first name to Julián. As it wasnot uncommon for Lebanese children to be sent abroad before they reached the age of 15 toavoid being conscripted into theOttomanarmy, four of Haddad's older brothers were alreadyliving in Mexico at the time of his arrival.Carlos Slim's mother, Linda Helú, was born in Parral,Chihuahua,of Lebanese parents who hadimmigrated to Mexico in the late 19th century. Her parents upon immigrating to Mexico hadfounded one of the first Arabic language magazines for theLebanese-Mexicancommunity, usinga printing press they had brought with them. In 1911, Julián established adry goodsstore, La Estrella del Oriente (The Star of the Orient). By1921, he had purchased...
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...CARLOS SLIM HELÚ Carlos Slim Helú is a Mexican business magnate, investor, and philanthropist known as the richest man in the world by Forbes magazine since 2010. To know how he become what now he is and his philosophy we need to see a little bit about his early life. Carlos Slim Helú was born on January 28, 1940 in Mexico City. He received his first business lessons in early childhood, as Don Julián gave each of his children a savings book with their usual weekly allowance in order for them to learn to manage their income and expenses. They reviewed this book with him, analyzing their expenses, purchases and activities, and by following this rule Don Julián’s children managed their finances and developed their own wealth. From that time investment and savings were part of young Carlos’s life, becoming his first lesson in business, which he soon put into practice by opening his first checking account and buying shares of Banco Nacional de México when he was only 12 years old, a quality that many entrepreneurs show in adult life. Since 1961 (when he graduate from university) until now has been managing, selling, crating and buying many companies but most remarkable thing is that he has never close anyone of them, opposite to that, he has created many jobs specially in his country Mexico. He has been involved in many criticism because of his fortune and the purpose of its. Well it’s not secret that when you are rich people wonder what you will do with all the money because you...
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...exclusive and the Balzac’s belief may indeed be reinforced yet disproven. To illustrate a profit-oriented approach to business and support Balzac’s point, there is no one better to focus upon than the world’s richest man, Mr. Carlos Slim Helu. Slim, as he is called by many, is indeed the epitome of an earnings focused entrepreneur. Dissimilarly, the entrepreneur of choice to almost completely contrast this business approach would be the late Paul Newman, a man whose humanitarian zeal is beyond admirable. Slim’s beginnings derive from a moderate Lebanese-Mexican family. As a young person, his father Julian taught him valuable economic principles. Julian required Slim to record all his childhood purchases and expenses on notebooks. Slim presently still retains some of them on one of his office’s shelves (Mehta, 2007). He retains those lessons to this very day and has passed them forward to his children. The basic ideal of saving, developing his own niche, finding business bargains and then act accordingly comprise the foundation of Slim’s knowledge base. These principles have, in turn, lead to a ruthless business approach and an unprecedented level of professional success, the likes of which are without equal in modern society. The business interests of Mr. Slim Helu are vast and wide. They expand far beyond that of his native Mexico and pervade all of South America. The Telegraph, the online version of one of the United Kingdom’s more storied newspaper publications,...
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...This essay is based on the 2007 book The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb (1960 - ). It is hardly an obscure tome, having been on the New York Times bestseller list for several weeks. Before I get to the essence of this essay I believe explaining what the term “Black Swan” means and saying a few words about the author would be in order. It was once thought in the Old World that only white swans existed. Then from Australia came the realization that there were black swans. And no, they were not white swans made black by bootblack or any other artificial coloring medium. After millennia of observations in the West of millions of white swans, the sighting of one black swan was enough to invalidate this long and firmly held belief. In a broader sense then A Black Swan is a sudden, monumental, and completely unexpected event. WWI, WWII, and 9/11 were Black Swans. If one were to win a multi-million dollars lottery that would be a personal Black Swan (Black Swans are not all negative, although given the troubles experienced by some of these huge lottery winners, this might also be negative). But a Black Swan is more than this – it goes to the heart of and challenges the putative acceptance of Gaussian probabilities. Least you think Gaussian or bell shaped probability functions are theoretical only and not important in real life, then consider that not only mathematics, but engineering, medicine, social sciences, economomics, the insurance...
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...EDITOR'S INTRODUCTION Two big events will frame the year ahead: America’s presidential election and the summer Olympic games in Beijing. The race for the White House will be a marathon, from the front-loaded primary season in January and February to the general election in November. The betting is that the winner will be a Democrat—with a strong chance that a Clinton will again be set to succeed a Bush as leader of the free world. China, meanwhile, will hope to use the Olympics to show the world what a splendid giant it has become. It will win the most gold medals, and bask in national pride and the global limelight. But it will also face awkward questions on its repressive politics. America and China will be prime players in the matters that will concentrate minds around the world in 2008. One of these is the world economy, which can no longer depend on America, with its housing and credit woes, to drive growth. America should—just—avoid recession, but it will be China (for the first time the biggest contributor to global growth) along with India and other emerging markets that will shine. Another focus of attention will be climate change. As China replaces America as the world’s biggest producer of greenhouse gases, serious efforts on global warming depend on the serious involvement of those two countries. If 2007 was the year when this rose to the top of the global agenda, in 2008 people will expect action. It is striking that green is a theme that links all the contributions...
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