Monday, October 8

Slim pickings for charity from world's richest man

I was running late for work this morning and had a chance to see Diane Sawyer interview Carlos Slim, the Mexican telecom magnate, on Good Morning America. You can see a video of the interview here.
Slim is worth a reported $68 billion and was named by Forbes magazine the world's richest man in 2007. However, unlike the philanthropists that occupy second and third place on Forbes list, Slim has been critcized for not donating a large enough portion of his fortune.

Earlier this year, Slim said businessmen can do more good by building solid companies than by "going around like Santa Claus" donating money. Despite the widespread inequality in Mexico, Slim poked fun at Bill Gates and Warren Buffet while telling reporters that "poverty isn't solved with donations."

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