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I don't know if you remember Telmex (the telephone company that "was given away"/"was bought very cheaply"), but it sucked, the lines were down all the time, se
by joseakle 17y ago
I don't know if you remember Telmex (the telephone company that "was given away"/"was bought very cheaply"), but it sucked, the lines were down all the time, service was really slow, you could be left without a phone line for more than a couple of days. That doesn't happen anymore.
He transformed that company (albeit being a monopoly) into a fairly good one. With the excess cash he generated he launched a mobile phone company that is one of the world's largest, and invested in numerous other businesses transforming them from badly performing ones into better businesses.
He was certainly lucky, smart and well connected when he bought Telmex, but all the execution afterwards was not easily handed to him.
Personally i'd love if his companies ran the water distribution or trash collection, he'd probably turn them into better performing and less corrupt businesses.
I think everybody expects so much of him, but he doesn't care, he is wired for making money and an excellent example of a pragmatic businessman. Compare him with the Russian oligarchs and you'll see how bad it could be. I really think he is a good and well meaning man.