Free cell phones for 60 million American free loaders!
Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick “F.J.” Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government’s Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.
Read more: http://www.myfoxdc.com/story/19792114/carlos-slim-worlds-richest-man-gets-richer-supplying-obamaphones-to-poor#ixzz291eFKGtr