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telmex Tagged Articles
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Slim’s Pickings: The Start of the Billion Dollar Business
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| Helu’s big break came in the 1990s, when the Mexican government succumbed to pressure from the World Bank and International Monetary Fund to liberalize its country’s economy. A massive campaign of privatization began, with the government selling off the hundreds of companies that were state-owned. Among those companies was Telefonos de Mexico (Telmex), the Mexican national telephone company. |
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Lesson #1: Don't Follow the Crowd or the Market
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| “When there is a crisis, that’s when some are interested in getting out,” says Helu, “and that’s when we are interested in getting in.” |
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Lesson #3: Make Your Company a Lean, Mean, Operating Machine
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| Helu dislikes being compared to Warren Buffett, not because he does not admire the American investor’s long list of shrewd business acquisitions, but rather because he feels it is an inadequate assessment. When Helu takes over control of a company, he does so in order to operate it. Buffett wants a good investment, but Helu wants to run a company. He wants to make his companies practical and lean operations, bringing efficiency to their every move. And, most importantly, he wants to do it himself. |
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Lesson #5: Everything Has a Bottom Line
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| He is everything from a political advisor to the highest ranking Mexican officials, to a devout family man, but Helu would be the first one to tell you that first and foremost, he is an entrepreneur. It is through those eyes that he approaches everything else. What does that mean exactly? That means that everything Helu does, he does with its own bottom line. |
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Other telmex Related Articles
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Slim’s Pickings: The Start of the Billion Dollar Business
| |
| Helu’s big break came in the 1990s, when the Mexican government succumbed to pressure from the World Bank and International Monetary Fund to liberalize its country’s economy. A massive campaign of privatization began, with the government selling off the hundreds of companies that were state-owned. Among those companies was Telefonos de Mexico (Telmex), the Mexican national telephone company. |
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