MEXICO CITY - Mexican President Andres Manuel Lopez Obrador said on Tuesday Carlos Slim had told him the billionaire planned to retire during his administration, in a step at odds with the tycoon’s usually discreet approach to public life.
Long a dominant figure in the Mexican economy, the 79-year-old Slim typically keeps a low profile, doing only occasional interviews and giving away little about his plans. Arturo Elias, a spokesman and son-in-law of the 79-year-old Slim, posted a brief statement on Twitter after being asked whether the president’s remarks were accurate.
While some economists have questioned how effective handouts will be, business leaders have publicly backed the promotion of “bienestar” or “welfare” as an instrument of policy, and pledged to support the president economically. Slim has made few public statements since Lopez Obrador took office in December, beyond offering some perfunctory words of support for the new government.
The cancellation angered business leaders and the government spent its first few weeks compensating investors in the project.
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