Word: adriano
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...fall from Italy's progress-minded Olivetti company, biggest European maker of typewriters and calculating machines; it purchased 34% of Underwood's stock for $8,700,000. When Underwood's President Frank Beane made the deal, he expected to keep running the company. But the late Adriano Olivetti and his successor Giuseppe Pero (TIME, March 21) had different ideas of the way to cure Underwood's troubles. Out went Beane and most of Underwood's aging top management. They were replaced by a crack Olivetti team headed by ebullient Ugo Galassi, 47, who had organized...
...Giuseppe Pero, 66, was elected president and chief executive of Italy's Olivetti company, succeeding Adriano Olivetti, who, before his death fortnight ago, transformed his father's small typewriter business into a worldwide manufacturer of office machines and machine tools. Directors passed over Olivetti's son Roberto and several other Olivetti family members to pick stumpy, white-maned Pero, the shrewd, early-rising (5:30 a.m.) executive who has been director general since 1938. He is expected to let Adriano Olivetti's political adventures (i.e., his Community Movement) die, devote all his efforts strictly to business...
...Died. Adriano Olivetti, 58, Italian industrialist who turned a one-plant operation he inherited in 1932 into Europe's No. 1 manufacturer of typewriters and office machines of such craftsmanship that they grace art museums as well as offices; of a heart attack, aboard a train in Aigle, Switzerland. An idealistic businessman as well as a sound one, Olivetti boasted that he gave his workers the best conditions in Italy and a voice in management. In off hours he promoted a broad-based cooperative movement, on the strength of it won a seat in the Chamber of Deputies...
...center anti-Communist coalition. The Christian Democrats' 272 votes and the Social Democrats' 22 votes still fell four short of a majority in the Chamber. With the votes of one French-speaking and three German-speaking Deputies from autonomous border regions, and the support of Typewriter Tycoon Adriano Olivetti, who captured one seat for his "Community" movement, Fanfani presumably could count on a precarious majority of two. But the left-of-center Republicans and the right-wing Monarchists have indicated that they will abstain on the initial vote of confidence in order to assure Fanfani's investiture...
Before publication, a section of the book dealing with sexual depravity was printed by an obscure leftist monthly. Dolci was arrested, found guilty of publishing obscenities and sentenced to two months in jail. Leftists, intellectuals and even progressive businessmen such as Typewriter Tycoon Adriano Olivetti leaped to his defense; pro-Dolci committees were organized in ten major cities...