Word: enrico
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Dates: during 2000-2009
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...investors to keep buying its stocks and bonds. According to one study, 75% of the analysts covering Parmalat had a "buy" or "neutral" rating on the stock three months before it collapsed. Were these financial stalwarts victims of Parmalat's deceptions? Or, as the failed company's bankruptcy administrator Enrico Bondi alleges, were they more like well-paid enablers, looking the other way while helping Parmalat hobble toward ruin? That question will come to a head this week as Giuseppe Coscioni, the Parma judge overseeing the bankruptcy, must decide whether foreign banks claiming they are owed hundreds of millions will...
...ENRICO BONDI, bankruptcy administrator
...thought better of earlier plans to sell their own shares immediately. But Google's success is an exception: in the past month, Claria, PlanetOut and Nanosys, all based in Silicon Valley, have canceled or postponed their IPOs. Round Two Of The Blame Game First the banks, then the auditors. Enrico Bondi, Parmalat's bankruptcy commissioner, filed a $10 billion suit against Deloitte Touche Tohmatsu and Grant Thornton International, the firms that audited the books of the disgraced Italian food and dairy company. The suit follows others filed against Citigroup, UBS and Deutsche Bank (TIME, Aug. 23), as well as Credit...
...deals because they knew how perilous the company's financial situation was? And if so, could those deals be construed as contributing to Parmalat's downfall? The banks' answer is, emphatically, no. They say the deals were proper, and that Parmalat's dire reality was hidden from them. But Enrico Bondi, the Italian turnaround expert who in December was appointed Parmalat's bankruptcy commissioner, alleges that the answer is yes - and this month he filed suit in Parma's court against the two banks, claiming that both transactions were illegal under Italian bankruptcy law and should be revoked. Last month...
...demonstration was simply "for peace" and not aimed at pressuring Prime Minister Silvio Berlusconi to withdraw Italy's nearly 3,000 troops from Iraq, as the insurgents had specifically demanded. But the net effect was the same, and so many Italians stayed home. "Participating is an error," says Enrico Boselli, an opposition leader with the Socialist party. "It can make the captors think that you are available to comply with their requests." Still, the unknown hostage-takers were apparently gratified by the sight of 5,000 people marching in Rome on Thursday. They released a statement on al-Jazeera Friday...