en.wikipedia.org/wiki/Carlos_Slim
4 corrections found
CEO of Telmex, América Móvil, and Grupo Carso
Carlos Slim Helú is not the CEO of those companies in current company records. Official sources list him as founder or honorary life chairman, while Telmex and América Móvil identify other executives as president/chairman and CEO.
Full reasoning
The claim says Carlos Slim Helú is the CEO of Telmex, América Móvil, and Grupo Carso. Official company materials contradict that.
- Grupo Carso identifies Carlos Slim Helú as its "Fundador y Presidente honorario vitalicio" (founder and honorary life chairman), not CEO. The same page lists Carlos Slim Domit as "Presidente - Grupo Carso".
- Telmex lists Carlos Slim Domit as "Presidente" of the board and Héctor Slim Seade as "Director General Telmex" (CEO/general director).
- América Móvil identifies Carlos Slim Domit as "Chairman of the Board" and its management page lists Héctor Slim Seade as Chief Executive Officer.
So the article's wording is inaccurate: Carlos Slim Helú is not the current CEO of Telmex, América Móvil, or Grupo Carso according to the companies' own governance and leadership pages.
3 sources
- Gobierno Corporativo - Grupo Carso
Ing. Carlos Slim Helú ... Fundador y Presidente honorario vitalicio de Grupo Carso, así como Presidente honorario vitalicio de Teléfonos de México (Telmex), América Móvil y Grupo Financiero Inbursa ... Lic. Carlos Slim Domit ... Presidente - Grupo Carso
- Directivos - Acerca de Telmex
Héctor Slim Seade Director General Telmex ... Consejeros Propietarios ... Lic Carlos Slim Domit Presidente
- América Móvil - Investors - Leadership - Board of Directors - Person Details
Carlos Slim Domit, Chairman of the Board and the Executive Committee since 2011 ... Principal Occupation: Chairman of the Board of América Móvil
non-profit subsidiary construction and engineering firm
CICSA is not a nonprofit. Official company materials describe it as a Grupo Carso business focused on large-scale projects and explicitly say it aims to deliver profitable results.
Full reasoning
The article describes CICSA as a "non-profit" construction and engineering firm. That is incorrect.
Official company information says Carso Infraestructura y Construcción (CICSA) is part of Grupo Carso and specializes in developing projects in strategic sectors such as water, buildings, hydrocarbons and energy, industry, infrastructure, and telecommunications. Its own company description says it works "a fin de asegurar resultados rentables"—that is, to ensure profitable results.
Grupo Carso's annual report likewise treats CICSA as a normal operating business segment, reporting its contribution to revenues and contribution to operating income and describing the services it provides to public and private clients. Those are characteristics of a for-profit operating subsidiary, not a nonprofit organization.
2 sources
- QUIÉNES SOMOS - CCICSA
Carso Infraestructura y Construcción es una empresa orgullosamente mexicana que forma parte de Grupo Carso ... Nos especializamos en el desarrollo de proyectos ... En Carso Infraestructura y Construcción trabajamos ... a fin de asegurar resultados rentables.
- Grupo Carso 2025 Annual Report
Infrastructure and Construction Segment ... Carso Infraestructura y Construcción (CICSA) ... Contribution to operating income 2.7% ... Contribution to revenues 14.9% ... serving both public and private clients.
primarily engaged in not-for-profit infrastructure development
IDEAL is not described by the company as a nonprofit developer. Official materials say it designs, finances, operates and manages infrastructure concessions as a commercial company.
Full reasoning
The article says IDEAL is "primarily engaged in not-for-profit infrastructure development." Official IDEAL materials contradict that.
On its own About us page, IDEAL says "The company carries out the design, development, financing and harnessing of the different infrastructure projects, as well as to maintain, for a long term, the management and operation of the concessions in which they participate." That is the description of a commercial infrastructure operator, not a nonprofit.
IDEAL's annual report likewise identifies it as "a leading company in the infrastructure sector in Mexico" whose main activity consists of obtaining concessions and long-term contracts for the design, development, exploitation, and operation of infrastructure projects such as toll highways, water treatment plants, and terminals. A publicly traded company obtaining concessions and long-term contracts is not a not-for-profit entity.
2 sources
- IDEAL | About us
The company carries out the design, development, financing and harnessing of the different infrastructure projects, as well as to maintain, for a long term, the management and operation of the concessions in which they participate.
- IDEAL 2023 Annual Report
Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. and subsidiaries ... It is a leading company in the infrastructure sector in Mexico, whose main activity consists of obtaining concessions and long-term contracts for the design, development, exploitation, and operation of infrastructure projects.
non-voting shares of the New York Times Company
Slim's New York Times stake was in Class A common stock, which is not non-voting. SEC filings state that The New York Times Company has two classes of voting securities, and Class A holders have limited voting rights.
Full reasoning
The article calls Slim's New York Times holdings "non-voting shares." SEC filings from The New York Times Company contradict that.
The company's proxy materials state that it has "two classes of outstanding voting securities: Class A common stock ... and Class B common stock." More recent SEC filings also explain that Class A Common Stock has limited voting rights, including the right to elect 30% of the Board of Directors and to vote with Class B holders on certain other matters.
Separate SEC filings about Slim's ownership identify his holdings as Class A Common Stock. So while Slim's shares had limited voting power, they were not non-voting shares.
3 sources
- The New York Times Company 2016 Proxy Statement (SEC)
The New York Times Company has two classes of outstanding voting securities: Class A common stock ... and Class B common stock.
- The New York Times Company 2017 Annual Report on Form 10-K (SEC)
Holders of Class A Common Stock are entitled to elect 30% of the Board of Directors and to vote, with holders of Class B Common Stock, on the reservation of shares for equity grants, certain material acquisitions and the ratification of the selection of our auditors.
- The New York Times Company 2015 Annual Report on Form 10-K (SEC)
On January 14, 2015, Carlos Slim Helú, a beneficial owner of our Class A Common Stock, exercised warrants to purchase 15.9 million shares of our Class A Common Stock.