Word: agnellis
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...tired of touring the Greek islands, members of the international yachting set have begun to drop their anchors and their passengers near Turkey's untrammeled delights. Among the yachts that recently graced the port of Antalya were the three-masted schooner Sylvia, owned by Fiat Vice Chairman Gianni Agnelli, and the black 245-ton schooner Taitu, owned by Italian Builder Giorgio Varvaro. The Turkish government is slowly becoming aware that it has a priceless tourist asset in the area, has reduced the price on its two weekly flights from Istanbul to a modest $12 in order to lure newcomers...
...measures to curb it. De Gaulle's "Stabilization Plan" froze prices but not labor costs, thus pinched profits and further reduced industry's short supplies of expansion capital. In Italy the government has tightened credit to slow Europe's worst inflation. Says Fiat Vice Chairman Giovanni Agnelli: "There's such a shortage of investment capital now that many industrialists are selling shares at any price to get money...
...come in from the governments of Venezuela ($100,000), Liberia ($25,000), and Puerto Rico ($100,000). The list of business donors includes IBM ($350,000), Continental Air Lines ($100,000), and Fiat Motor Co. of Italy ($50,000, and an additional $50,000 from Fiat Vice President Giovanni Agnelli...
...Italy's greatest industrial dynasties began only 25 miles and nine years apart, and rose with parallel vigor to worldwide fame. In Turin in 1899 Giovanni Agnelli established Fiat, destined to become Italy's leading auto producer. Nine years later, in sleepy Ivrea, Camillo Olivetti founded the typewriter company that became equally famous for its office machines. But fortune has not smiled equally on the two in recent years, and last week one dynasty had to bail out the other. Organizing support from a syndicate of banks and businessmen, Agnelli's grand son rounded up $50 million...
...three sons, three daughters and their children have never been able to agree on common moves. Olivetti limps along on a codirectorship of Grandsons Roberto and Camillo Olivetti, representing two different factions. About all that they have been able to codecide is that they need the Agnelli syndicate to come in and buy one-third of Olivetti. To run Fiat and some 110 other companies that range from cement to Cinzano vermouth, Giovanni Agnelli's twelve heirs have put their combined holdings into a smoothly functioning holding company called Istituto Finanziario Industriale...