Posted on 12/20/2017 12:13:35 AM PST by TigerClaws
Adios, amigos.
Carlos Slim, the Mexican telecommunications mogul, has sold half of his shares of common stock and warrants in the New York Times Co., valued at just under $240 million.
With the stock up 50 percent of the past year, Slim appears to be reaping a huge profit.
The 77-year-old investor was the single largest shareholder of common stock at NYT before the selloff.
Divesting the warrants for future shares means he is cutting down what would have been a 16.9 percent stake — had he had he kept the warrants for himself — to somewhere between 6.9 percent and 8.5 percent of the shares after the selloff.
The Ochs-Sulzberger family still controls the board through its control of Class B shares.
With the selloff, it appears entitities controlled by Slim and his companies could be the second-largest NYT shareholder, behind BlackRock’s 8.1 percent stake.
(Excerpt) Read more at nypost.com ...
He found the king of idiots.
Carlos is not Black. What right does he have to be called a Mogul?
Do we know who purchased?
“Carlos Slim, the Mexican telecommunications mogul”
Actually, Carlos Slim is Lebanese.
Slim’s cash infusion kept NYT from filing bankruptcy.
Big news he’s exiting. The failing New York Times might actually fail. Or... he may buy back in later on the cheap again.
Is this the same Carlos Slim who is the Arab posing as a Mexican?
“Communications mogul”
Carlos Slim is a Mexican corruptocrat and drug dealer.
And he sells Obamaphones!
Getting out while the getting is good.
Now that Pooch has taken over who knows where the NYT is going.
If there is a god it is going to H.
Follow the money and you will find the corruption. A shadow bank for a shadow government. Per Wiki...
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager with $5.7 trillion in assets under management as of July 2017.[2]
BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.[3]
Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank
The U.S. government contracted with BlackRock to help clean up after the financial meltdown of 2008. According to Vanity Fair, the financial establishment in Washington and on Wall Street believed BlackRock was the best choice for the job.[14] In 2009, BlackRock first became the number 1 asset manager worldwide.[11]
In April 2009, BlackRock acquired R3 Capital Management, LLC and took control of the $1.5 billion fund.[15] On 12 June 2009, Barclays sold its Global Investors unit (BGI), which included its exchange traded fund business, iShares, to BlackRock for US$13.5 billion.
Through the deal, Barclays attained a near-20% stake in BlackRock.[16] BGI was headquartered in San Francisco, with research and portfolio management teams in London, Sydney, Tokyo, Toronto, and other cities.
BlackRock Solutions was retained by the U. S. Treasury Department in May 2009[17] to manage the toxic mortgage assets (i.e. to analyze, unwind, and price) that were owned by Bear Stearns, AIG, Inc., Freddie Mac, Morgan Stanley, and other financial firms that were affected in the 2008 financial crisis.
Key people
Laurence D. Fink – Founder, Chairman & CEO
Blake Grossman, former Vice Chairman
Robert S. Kapito – Founder & Co-President
Susan Wagner – Founder, member of the Board of Directors
Simon Chirayath – Vice Chairman
Barbara Novick – Founder, Vice Chairman
Philipp Hildebrand – Vice Chairman
Robert Goldstein – Senior Managing Director, Chief Operating Officer
Gary Shedlin – Senior Managing Director, Chief Financial Officer
Bennett W. Golub – Founder, Senior Managing Director, Chief Risk Officer
If you read the details, Blackrock was involved in creating the mortgage crisis. Sold their interest prior to the crash, and Obama hired them to clean up the mess.
Something smells rotten!
“Do we know who purchased?”
My guess is, some affiliate of Blackrock.
Trump alone caused their stock to almost double.
Ironically, he saved those aholes.
Blackrock is one of the largest mutual fund companies in the US. The stock it ‘owns’ is actually the property of those who invest in its mutual funds and ETFs, which is millions of people.
Slim, now you can expect a really nice Christmas present from Uncle Carlos.
I thought mongols were actually yellow
Well done, sir. ::golfclap::
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