Word: agnellis
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...Historically, top Italian political and industrial figures have played central roles in the sport, including the Agnelli family that owns automaker Fiat and Juventus, and billionaire former Prime Minister Silvio Berlusconi, who owns AC Milan. Smaller teams are often owned by top local business figures, who usually lose money to satisfy their sporting passion. But soccer's reach extends across the entire spectrum of Italian life. Following the initial outrage of the officer's death, La Repubblica columnist Giuseppe D'Avanzo put it this way: "If you don't want to break the toy that creates an appetizing consensus...
...the fine-dining experience you might expect an Agnelli would prefer. The anointed heir to Italy's greatest industrial fortune is settling into his chair at Vittoria, a homespun Torino trattoria where plates clank every time the nearby kitchen door swings open. But for John Elkann, the 30-year-old who is vice chairman of both Fiat and IFIL, the Agnelli family's $7.7 billion holding company, it is the perfect setting for a power lunch. "You know why I really like this place?" he asks, lowering his voice and widening his eyes. "Because it's fast...
Those are the words of a young man on the move. It has been nine years since he was handpicked by his grandfather Giovanni (Gianni) Agnelli to be next in line to take the reins of the family's vast automotive and financial empire. And while Fiat's fortunes have roller-coastered, Elkann has been methodically groomed for the throne of one of Europe's legendary financial kingdoms. Guiding an entrenched business dynasty in a competitive global marketplace is a tall order for the tall executive--a lofty 6 ft. 2 in., though still baby-faced...
...death of that formidable figure and of Gianni's younger brother Umberto Agnelli, both from cancer within 16 months, created the vacuum that forced Elkann--the eldest child of Gianni Agnelli's daughter Margherita and French-Italian writer Alain Elkann--to step to the fore ahead of schedule. He did so amid a two-year corporate crisis that began in 2002 when weak management damaged brand image and forced a $3.8 billion bank bailout to stave off potential bankruptcy. "If the situation had been different, I might have had more time to ease into the job. But I was forced...
...Working largely behind the scenes, Elkann has focused recently on the family's holding company, IFIL, Italy's largest company, with stakes beyond the car business in banking, corporate consulting and publishing. Increasingly, though, the new capofamiglia of the Agnelli dynasty is spreading his wings. Elkann was one of just a handful of executives quoted in the press after last month's keynote address by new Bank of Italy governor Mario Draghi. Three weeks ago he participated for the second time at the annual Bilderberg meeting, an invitation-only gathering of the international business and political élite. Elkann also...