Word: aurelio
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Panama last week found itself in the embarrassing position of having two Presidents. One was Marco Aurelio Robles, 62, the country's duly elected chief of state for the past four years; the other was Max Delvalle, 57, Robles' First Vice President. This tricky sit uation was brought about by the opposition-dominated National Assembly, which, seizing on an obscure clause in the country's constitution, accused Ro bles of giving illegal support to a can didate in the upcoming May 12 elec tions. Early in the week, the Assembly voted to oust Robles from office...
...President of Panama was impeached last week. The charge: that he violated a constitutional provision that prohibits the President from giving "direct or indirect official aid to a candidate." President Marco Aurelio Robles, 62, who cannot succeed himself by law and thus is not running in the May 12 presidential elections, was charged with aiding Finance Minister David Samudio, 57. Robles was accused of allowing his press office to release an official announcement of support, attending a fund-raising banquet for Samudio and writing a letter recommending Samudio's presidential candidacy to his Liberal Party directorate. Since the coalition...
...sales last year reached $508 million, up $62 million over '65. (Observers estimate that Olivetti's global profits were $16 million last year, up about 40%.) Next came the surprise: a change of top-level management in the wake of success. Out as chief executive officer went Aurelio Peccei, 58, the man generally credited with Olivetti's recent resurgence. He was named to the honorary post of vice chairman. Appointed joint managing directors were Robert Olivetti, 38, grandson of the company's founder, and Bruno Jarach, 55, an engineer risen through the ranks...
...trade unions embittered the immediate postwar years; with Giorgio Valerio, the head of Montecatini-Edison, the electric giant, whose hatred for the left is so virulent that he considered the center-left coalition in Italy little short of treason; and with such other capitalist barons as Olivetti's Aurelio Peccei, E.N.I.'s Marcello Boldrini and Finsider's Ernesto Manuelli. All of them already deal with the Russians-and all want to do more. "We do business wherever we can," says Valerio...
...tearing down the old nationalistic walls that divide its markets, restrict competition and protect inefficiency. That prescription is already obvious to almost everybody in the Atlantic Community-except, of course, De Gaulle. "We must become modern in our heads, not only in our gadgets," says Olivetti Managing Director Aurelio Peccei. "It is inconceivable that we in Europe are still bound by the nation-state concept. If we can get rid of these barriers, I see a tremendous upsurge-intellectual and psychological...