Leadership Practice & Theory

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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 various family members including son-in-laws and confidants. Each of his sons sits at the helm of a different company, which in their own right has added to the wealth of the family business. One unique aspect of the Slims’ is their ability to put everything aside and have Monday night dinner at the Casa de Slim. Everybody attends and participates in the conversations, which usually include a business lesson learned by Carlos from his father. Carlos’ empire includes insurance and telephone companies, the largest wireless company in Latin America, the New York Times, CompUSA, Sanborn’s, and IDEAL( Impulsora del Desarrollo y el Empleo en America Latina); loosely translated it means “Promoter of Development and Employment in Latin America. A Mexico-based company that concentrates on infrastructure development, IDEAL is active in transportation, crude oil and gas, power, water, real estate and technology. Additionally, his family's holdings represent more than 5% of Mexico's 2006 gross domestic product, and Slim-controlled companies make up one-third of the $422 billion Mexican Bolsa, or stock exchange. (Carlos Slim) Followers and Situation

Rudy Giuliani and his consulting firm were contracted by Carlos Slim in 2002 to help develop a plan that would help clean up the historic centre of Mexico City. The plan was very similar to the way Giuliani’s approach that helped clean up New York City when he was still mayor. When Slim met Giuliani in a visit to New York City immediately after the destruction of the World Trade Center, he found just the person – armed with just the program and global legitimacy -- to jump-start this initiative and give it credibility within Mexico. Slim and Giuliani remain friends today.

Larry King and Carlos Slim have been friends for years, and Ora.TV stems from conversations the two of them had long ago. Ora.TV is a new on-demand digital television network. Ora.TV The first show that will debut is a Larry King hosted talk show and offers a full slate of talk, comedy entertainment and other unscripted shows. Slim’s Mexico-based telecom firm America Movil is backing Ora.TV. King attended the opening of Carlos Slim’s museum, the Museo Soumaya, in Mexico City in 2011. (FORBES)

Bill Clinton recently convinced Slim to donate at least $100 million to his foundation's efforts to reduce poverty in Latin America. "Carlos Slim is one of the world’s most important philanthropists and most people have never heard about his humanitarian...
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