Nearly 1,000 Latino leaders, students, community activists and others from across the U.S. will come to the National Mall in Washington DC this Sunday, May 20th, 2012 to protest the presentation of Carlos Slim, the world’s richest man, with an honorary degree from George Washington University during its graduation ceremony.
According to the ‘Two Countries One Voice’ coalition this effort 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.
This coalition like many in Mexico feel Slim’s America Movil company is monopolistic with its control of 80% of Mexico’s telecommunications and that it “price-gouges Mexican customers billions of dollars for basic telephone and Internet service,” while Telemex is enjoying a profit margin of 47%.