Word: autos
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Within days of the death in late May of Umberto Agnelli, the patriarch of one of Italy's leading business families, Giuseppe Morchio made his move. As mourners continued to pay their last respects, the chief executive of the Fiat auto and truck company that is the core of the Agnelli family fortune demanded to be given Umberto's title of chairman as well...
...always enjoyed being involved with groups of people, even in junior high school,” he says. “I enjoy a profession that’s based on meritocracy, and I’ve been particularly interested in the auto industry: it contains a broad range of constituents—government, worker unions...and involvement in every aspect of economic policy...
After spending nearly four years at the oldest university in the nation, it took a raggedy auto mechanic’s shirt, once worn by a man named Joe, to teach me the importance of tradition. Like most Harvard students, I was too harried to notice the countless gates bearing inscriptions from the University’s past or to pay much attention to its ivy-covered walls. I trudged on to my next class, my next meeting, my next rehearsal...
Within days of the death in late May of Umberto Agnelli, the patriarch of one of Italy's leading business families, Giuseppe Morchio made his move. As mourners paid their last respects, the chief executive of the Fiat auto and truck company that is the core of the Agnelli family fortune demanded to be given Umberto's title of chairman as well. To the family, it seemed like a blatant power grab, and when its members replied, "No, grazie," he quit in a huff. The top job went instead to Luca Cordero di Montezemolo, the head of Ferrari...
...Russian Cabinet official. "The person does not matter, though. It's the type that does: someone close and demonstrably loyal to Putin." Car Trouble Maybe this is a good time to buy a car. Last week Roger Putnam, chairman of Ford in Britain , lamented that new E.U. directives on auto safety, to be implemented by 2008, would add about 35,000 to the sale price of every new car. Among other things, the rules require that carmakers minimize the amount of chemicals used in the manufacture of their autos and dictate that new cars be 95% recyclable. Ford also complained...