Friday, August 10, 2007

Plenty Peso Papi

Some fathers — even really, really, really rich ones — get it right and so where you expect to find turmoil, you find none.

For example, the future legacy of Mexico's Slim family stands in striking contrast to the high profile struggles over corporate control in the Sumner Redstone (Viacom) and Rupert Murdoch (News Corp.) clans.

Patriarch Slim (more formally: Carlos Slim Helú) currently ranks as the world richest man. He acknowledges the lessons learned from his father, a Turkish refugee who owned a general store, invested in Mexican real estate and taught his son the personal and business value to thrift. He passed along the lessons to his three sons, ages 40, 39 and 38 who who stand together and ready to take over the empire when the from the 67-year-old billionaire.

"Many people want to leave a better world for their children," Sims announced in a recent speech. "I'm trying to leave better children for my world."

** Is it (should it be) easier or harder to be a good father when richer than Croesus? **

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