Word: enis
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Ghost and Hammer. Archetypical of the new manager is Eugenio Cefis, 50, president of Montecatini Edison, Italy's largest industrial firm. Except for a brief postwar fling at private enterprise, Cefis, who was trained as an economist, has spent most of his career working for ENI, the state-owned petroleum syndicate. Known as "The Ghost" because of his aversion to publicity, Cefis became the shadowy, indispensable Mr. Fixit at ENI. After he became ENI's president in 1967, he built a sound management team by breaking with ancient Italian tradition and wisely delegating authority...
...present chief of ENI, which controls more than 35% of Italy's petroleum industry, is Raffaele Girotti, 53, a Cefis protegé. Trained as an engineer, Girotti has worked for ENI since 1949. He has earned the nickname "The Hammer" because of his ruthless management skills. In an effort to reorganize one sprawling firm, he interviewed every man in its management ranks, sometimes as many as 30 a day, and then decided which ones to keep and which to discard...
...Syndicate. The unhealthy financial system has come under attack from several fronts lately, as both the government and forward-looking private investors have sought to pry open the country's long-closed business establishment. Acting through a state-owned investment bank, the government-owned holding companies ENI and IRI quietly bought effective control of Montecatini Edison last October. Once in power, the state agencies ousted both Sade-Finanziaria and Italpi from a syndicate of controlling stockholders because the companies were owned by Montecatini...
...voice of General Odumegwu Ojukwu, carried by Radio Biafra, vibrated between impassioned outrage and constrained eloquence. The 18 men that Biafra's boss referred to-14 Italians, three West Germans and a Lebanese -were employees of the Italian government's oil combine, ENI. They were captured last month by Biafran troops in the Okpai oilfields near Port Harcourt in an encounter in which eleven other oil workers (ten Italians and a Jordanian) were killed. Later a five-man Biafran tribunal that sits for security cases condemned the 18 prisoners to death by firing squad for helping Nigeria wage...
...Facto Recognition. Ojukwu treated the men correctly however. Three lawyers defended them at their trial, they received food forwarded by the Vatican and were visited by the Rt. Rev. Godfrey Okoye, Roman Catholic bishop of Port Harcourt. Ojukwu, however, refused to discuss their plight with ENI but insisted that the Italian government -which does not recognize Biafra -speak in their behalf. He got his way when Under Secretary for Foreign Affairs Mario Pedini flew into Owerri to negotiate, thus giving Biafra at least temporary de facto recognition that irritated opposing Nigeria...