Friday, October 14, 2016

The `New York Times' Mexican Billionaire Connection Revisited Again: Part 1

“…Between 2008 and 2011 the second-largest shareholder in the New York Times was Carlos Slim…”

--from Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else by Chrystia Freeland in 2012

“Mexican telecoms billionaire Carlos Slim says he could exercise stock warrants in The New York Times Co which expire early next year, a move that would more than double his stake in the media company.

“Slim currently owns about 8 percent of common shares, which would increase to about 17 percent if he exercises the warrants, according to a Reuters calculation using the New York Times’s latest SEC filing….”

--from a July 11. 2014 Reuters article

“…As a telecommunications and retail tycoon, Slim’s unrivaled clout reaches deep into the Mexican political system. His early fortune fed off tobacco… Although in 2007 his holding company reduced its stake in Philip Morris de Mexico from 50 percent to 20 percent, his tobacco business last year was worth $284 million. Between 1997 and 2006, Slim was a director with Philip Morris International’s former parent company, Altria. Today he serves on the board of Philip Morris International...”

--from a November 2010 Center for Public Integrity report

“`Carlos Slim has an undeniable track record of ravaging everything he purchases with monopolistic and predatory practices,’ noted Andres Ramirez, Two Countries One Voice [TCOV] co-founder…Carlos Slim, one of the richest men in the world, who has traded places as the richest man with Bill Gates and Warren Buffett, created an empire primarily from his monopoly on the Mexican telecommunications system…”

--from an Oct. 7, 2013 Two Countries One Voice press release.

“The statement by [Mexican Government] Attorney General Jesus Murillo Karam today that the 43 students who disappeared in September could have been killed, burned and dumped in a river fails to address the government’s complicity in this tragedy, Amnesty International said today.

“The investigation into the enforced disappearance and extrajudicial killings has been limited and incomplete, with officials failing to challenge the entrenched collusion between the state and the organized crime which underlies these grave violations of human rights, said Amnesty International today…”

--from a Nov. 8, 2014 Amnesty International press release

(end of part 1)

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