Every time someone gets a phone through Lifeline, a government program that gives phones to low-income Americans, TracPhone, a company in which Mexican telecom mogul Carlos Slim has a controlling stake, nets $10, Fox News reports. The company’s CEO, Frederick “F.J.” Pollak, who is a major Obama donor, also makes a profit from the data plans and minutes beneficiaries of the Lifeline program buy.
Regardless of the controversy over the phone itself, the allegations that Slim is benefiting off a program aimed at helping the poor may only fuel characterizations of the $69 billion man as a super-rich mogul who capitalizes on the woes of others. Slim’s son noted in an interview with Bloomberg in May that his father was taking advantage of the “opportunities” provided by the European Debt Crisis.
Regardless of the controversy over the phone itself, the allegations that Slim is benefiting off a program aimed at helping the poor may only fuel characterizations of the $69 billion man as a super-rich mogul who capitalizes on the woes of others. Slim’s son noted in an interview with Bloomberg in May that his father was taking advantage of the “opportunities” provided by the European Debt Crisis.
