Word: elkann
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...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...
...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 Turin trattoria where plates clank every time the nearby kitchen door swings open. But for John Elkann, the 30-year-old vice chairman of both Fiat and IFIL, the Agnelli family's €6 billion holding company, this is the perfect place for a power lunch. After ordering his favorite Vittoria dish - a lightly fried veal cutlet with fresh tomatoes - Elkann leans in to better explain his choice. "You know...
...wake and funeral, sealed the family's decision to commit to Fiat's future - even if it meant the hard work of selling assets, overhauling management and reinvesting in the core company, hardly the typical Italian way of doing business. "This country paid a great tribute to my grandfather," Elkann said. "It was a family feeling to respond." Though it unfolds like a Victorian play, Elkann insists that his ascendancy to the Fiat throne was "very natural." Born in New York City and raised in Britain, Brazil and France, he returned to his parents' hometown of Turin to study engineering...
...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...
...Elkann, known as Jaki, was singled out as a possible successor by his grandfather, who put him on Fiat's board in 1997. So far he has deliberately kept out of the spotlight. Lapo, 27, who works in Fiat's marketing department, frequently appears in the gossip columns, not least because he's dating a TV starlet. Andrea currently works for Philip Morris. Family members say all three will play leadership roles. The question is, How successfully can the Agnellis manage the troubled empire while the youngsters are learning the ropes...