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Lakshmi Mittal, the billionaire chief executive of steel behemoth Mittal Group (nyse: MT - news - people ), seems to have embraced this Mesoamerican template.
FORBES: Mittal Wants More Consolidation In Steel Industry
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On Monday he described Mittal Steel's (nyse: MT - news - people ) bid as "bad" for both shareholders and employees, and added that Arcelor "does not need" Mittal.
FORBES: French Cast Wary Eye On Mittal's Bid
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That bid undercut higher offers by London-based Mittal Steel (nyse: MT - news - people ) and Pittsburgh-based United States Steel (nyse: X - news - people ).
FORBES