Word: mexico
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Dates: during 1990-1999
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...biggest shareholder as well as chairman of Telefonos de Mexico (Telmex), Mexico's no-longer-monopoly telephone company, Slim is planning to challenge American giants like AT&T and MCI on their home turf in 1997. The stakes: a bigger share in the $2.5 billion U.S.-Mexico long-distance market. "Our focus is toward Hispanic users in the U.S.," he says. The notion of taking on mammoth American firms is in keeping with the ambitions of multibillionaire Slim, widely assumed to be Mexico's richest man. His Grupo Carso holding company was already worth $1.2 billion in sales...
...Lebanese emigrants, Slim first built a stake as a stockbroker in the 1960s before moving into insurance. His big opportunity came during Mexico's economic collapse of the early 1980s, when he snapped up cigarette manufacturer Cigatam, as well as Sanborns, the cafe and convenience-store chain, and Frisco, a mining company. Through Grupo Carso, Slim now controls 30 companies worth more than $7.2 billion. Critics aside, he is considered to be a passionate Mexican nationalist--and a fierce competitor. Yanquis, take note...
Besides making his mark on domestic economic policy, Rubin successfully engineered a $12.5 billion emergency loan to Mexico two years ago. On Jan. 15, he stood on the sidelines smiling as Mexico's ambassador to Washington announced that his government was paying the loan back three years early. Rubin won't be on the sidelines...
...arrested was McCaffrey's counterpart in Mexico, General Jesus Gutierrez Rebollo, a man of reputed honesty and heroism whose appointment only 10 weeks ago McCaffrey had praised effusively. That image began to fade on Feb. 6, when an informant told the Mexican Defense Secretary, General Enrique Cervantes, that Gutierrez was living in a luxury apartment "whose rent cannot be paid with the salary of a public official," a statement from Cervantes' office later said. Summoned to a midnight meeting on the same day, Mexico's drug czar suffered a heart attack when questioned about the apartment, and was ordered into...
...days that followed, investigators discovered a lot about Gutierrez. Not only had he consorted with drug traffickers since at least 1993, but the apartment that triggered the investigation had been given to him by drug dealer Eduardo Gonzalez Quirarte. He is reputed to be a lieutenant of one of Mexico's most notorious narcotraffickers, Amado Carrillo Fuentes, alleged leader of the Juarez cartel. On Tuesday, Feb. 18, wiretaps reportedly confirmed that Gutierrez and two top aides had taken protection money from a Carrillo lieutenant. The general was then placed under arrest...