Latino Leaders, Students, from Across US to Protest Carlos Slim PRNewswire
go to original May 17, 2012

Protests are growing each day at the GW University campus calling on University officials to sever ties with Slim.

Nearly 1,000 Latino leaders, students, community activists and concerned citizens from across the United States will descend on the National Mall in Washington DC on Sunday, May 20th, 2012 to protest the presentation of Carlos Slim, the richest man in the world, with an honorary degree from George Washington University during its graduation ceremony.  The coalition – Two Countries One Voice – is committed to exposing Slim's predatory, monopolistic methods with which he has amassed his fortune.

The coalition sent a letter to George Washington University officials requesting that it sever all ties with Slim and not honor such a man who made his billions on the backs of the Mexican poor. The University declined the request.

Protests are growing each day at the GW University campus calling on University officials to sever ties with Slim.

This action is just the first of many actions planned to bring attention to Slim's predatory monopolistic actions and to call on American institutions and corporations to sever ties with him.

DATE: Sunday, May 20, 2012
TIME: 9:30 AM EDT
WHERE: 15th Street Knoll (15th and Madison) National Mall, Washington DC
WHO: 1,000-plus Latino leaders, students, and community activists protesting Carlos Slim

BACKGROUND: Carlos Slim's power and fortune is made up primarily from his monopoly on the Mexican telecommunications system. According to the independent and highly respected Organization for Cooperation and Development (OECD), Slim's company, America Movil, which controls 80% of the total Mexican telecom, cell and internet industries, charges exorbitant prices and provides inadequate services. Their report also shows that Slim has price-gouged Mexican customers billions of dollars for basic telephone and Internet service. They point out that those specifically and most profoundly affected by these business practices are rural and poor communities.

The impact of Carlos Slim's monopoly has resulted in Mexico ranking LAST in public investment in telecommunications compared with the 33 other OECD countries while Slim's company Telemex had a profit margin of 47% - one of the highest of the OECD countries.

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