Slim has been vice-president of the Mexican Stock Exchange and president of the Mexican Association of Brokerage Houses. He was the first president of the Latin-American Committee of the New York Stock Exchange Administration Council, and was in office from 1996 through 1998.
He was on the Board of Directors of the Altria (Previously Philip Morris) Group (resigned in April, 2006) and Alcatel. He was on the Board of Directors of SBC Communications until July 2004 to devote more time to the World Education & Development Fund, which focused on infrastructure, health and education projects. In 1997, just before the company introduced its famous iMac line, Slim bought 3% of Apple Computer's stock, which has skyrocketed over the years.
He built an important Mexican financial-industrial empire, Grupo Carso, which owns, among other companies, the now bankrupt CompUSA electronic retail chain. On December 8, 2007, Grupo Carso announced that the remaining 103 CompUSA stores would be either liquidated or sold, bringing an end to the struggling company.[6] After 28 years he became the Honorary Lifetime Chairman of the business. He is also Chairman of Teléfonos de Mexico, América Móvil, and Grupo Financiero Inbursa.
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