Carlos Slim Keeps It in the Family as Grandkids Join Boards

Mexican billionaire Carlos Slim has put two of his grandchildren on boards of his companies, a major step in the succession of one of the world’s largest family business empires. Daniel and Rodrigo Hajj Slim, both in their early 20s, are sons of Slim’s second-eldest daughter Vanessa and Daniel Hajj, chief executive of the family’s most valuable asset, America Movil. The sons were made directors at smaller companies. Slim has said publicly that his succession plan is done, having put his three sons in key positions of his telecoms-to- banking empire, worth some $50 billion, and transferring much of his wealth to his children.