Word: agnellis
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...until recently the private-enterprise showpiece of the Italian economy. Today, racked by labor troubles, declining sales, and most of all government interference in its affairs, it is being mentioned as a possible candidate for partial state owner ship. The company's leaders, 53-year-old Chairman Giovanni Agnelli and his 39-year-old brother, Managing Director Umberto, are deeply committed to keeping the company in the private sector, but they face conditions that Umberto has publicly labeled impossible...
...cope with Italy's social and economic problems, the government is burdening the private sector with more responsibilities than it can handle. Fiat has tried to help by building big new plants in the depressed southern Mezzogiorno and worker housing in its home city of Turin. Umberto Agnelli criticizes the unions for not taking these expenditures into account when pressing for wage increases to catch up with the cost of living, spiraling at the rate of 15.6% annually; but his greatest scorn is reserved for the government. "There is no economic plan," he says acidly, "no consistent framework within...
Marriage Revealed. Umberto Agnelli, 39, tough-minded managing director of Italy's largest private industrial empire, Fiat automakers, and Princess Allegra Caracciolo, 28, occasional international jet-setter; he for the second time, she for the first; near Turin...
Last year the Agnelli Foundation and a number of other donors in Italy provided additional funds for the purposes of the De Bosis endowment. This generous gift has made possible the welcome appointment of Professor Prodi of Bologna this semester. Henceforth, the Committee hopes to be able to invite a lecturer on some aspect of Italian civilization every year. Myron P. Gilmore Professor of History
Ordinarily, Libya would have little leverage in such a showdown. But La Stampa happens to be owned by Fiat, a giant industrial conglomerate that is not in the business of offending influential heads of state. Though he balked at firing the reporters, Fiat Chairman Giovanni Agnelli paid a visit to Libya's embassy in Rome, hoping to mollify Gaddafi. Agnelli failed dramatically. Last week the Arab League Boycott Committee in Beirut threatened a ban on all Fiat products in Arab nations unless Agnelli sacks La Stampa Editor Arrigo Levi, a Jew who once fought in the Israeli army. Agnelli...