Grupo Salinas Founder and Chairman Ricardo B. Salinas Invites Students to Find Their Element During an Address at the University of Michigan's Ross School of Business

Grupo Salinas Founder and Chairman Ricardo B. Salinas Invites Students to Find Their Element During an Address at the University of Michigan's Ross School of Business

ANN ARBOR, Mich., Sept. 8 /PRNewswire/ -- Grupo Salinas, a group of dynamic, fast-growing and technologically advanced companies deeply committed to the modernization of the countries where they operate, announces an inspiring address by its chairman and founder, Ricardo B. Salinas Pliego, to students at the University of Michigan's Ross School of Business.

The presentation, which was made to about 500 MBA students, was part of the Ross Leadership Initiative, which has also hosted in prior events prominent business leaders such as former CEO of General Electric Jack Welch, Procter & Gamble CEO A.G. Lafley and current GE CEO Jeff Immelt.

Mr. Salinas proposed a series of ideas to help guide students, expand their horizons and successfully present projects. He also touched on concepts such as recruitment and selection, company succession and community involvement.

"There's no better recipe for success -- no matter what the field -- than doing what you like to do," said Mr. Salinas, citing some of the ideas of British educator and author Sir Ken Robinson.

He contrasted the differences between entrepreneurs and executives, recommending that students take into account these traits when seeking career paths.

"Being an entrepreneur is a personality trait. It requires vision and self-sacrifice. However, seeing a vision executed despite difficult odds is a very gratifying experience."

After taking control of a failing family business in 1987, Mr. Salinas has built a group of companies that have a total of over 50,000 employees in nine countries and combined annual sales of about US$5 billion.

While proud of his business success with public companies such as Grupo Elektra, TV Azteca and Grupo Iusacell, Mr. Salinas also emphasized the importance of community service. Through its non-profit arm Fundacion Azteca, Grupo Salinas has raised over US$60 million since 1997, and also funds the top technical high school in Mexico, Plantel Azteca, in addition to numerous programs to improve society in Mexico and other countries where Grupo Salinas operates, such as the United States, Peru and Guatemala.

"The way to keep yourself balanced is to be able to open your eyes to things in the community. A person who gives gets much more than the person who receives," he added.

The full video of the presentation will soon be posted to www.ricardosalinas.com.

Company Profile

Grupo Salinas (http://www.gruposalinas.com/) is a group of dynamic, fast-growing, and technologically advanced companies focused on creating shareholder value, contributing to build the middle class of the countries where they operate, and improving society through excellence. Created by Mexican entrepreneur Ricardo B. Salinas (http://www.ricardosalinas.com/), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies, TV Azteca (http://www.irtvazteca.com/), Azteca America (http://www.aztecaamerica.com/), Grupo Elektra (http://www.grupoelektra.com.mx/), Banco Azteca (http://www.bancoazteca.com.mx/), Afore Azteca (http://www.aforeazteca.com.mx/), Seguros Azteca (http://www.segurosazteca.com.mx/), and Grupo Iusacell (http://www.iusacell.com/). Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. However, member companies share a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

Press Contact:

Daniel McCosh
(5255) 1720-0059
dmccosh@gruposalinas.com.mx

Source: Grupo Salinas

CONTACT: Daniel McCosh, Grupo Salinas, +011-5255-1720-0059,
dmccosh@gruposalinas.com.mx

Web site: http://www.ricardosalinas.com/

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