Word: ernesto
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
When he was in his late 20s, Ernesto Bertarelli had the world at his feet. A passionate yachtsman, he was handsome and wealthy, on his way to getting a Harvard M.B.A., and his girlfriend was a former beauty queen. But when his father Fabio fell sick with cancer, Ernesto had to grow up fast. In 1996 he took over Serono, a fertility-drug company Fabio had built up after inheriting it from his father. If anybody inside or outside the Geneva-based company had doubts about the succession, those doubts quickly disappeared. Under the younger Bertarelli's leadership, Serono...
There's a changing of the guard in European family business. A new generation is taking charge of many of these dynasties--and of Europe's economy. Like Ernesto Bertarelli, many of the heirs are better educated and more international in their outlook than their parents were, and they are leading their firms in new directions. The Barillas of Italy have built a pasta plant in Ames, Iowa, and recently bought a German bread company. The Ottos of Germany (Eddie Bauer, Crate & Barrel) are investing heavily in e-commerce. France's Lagardere family is becoming an international media heavyweight...
...Ernesto Bertarelli's father groomed him from an early age to take over the family pharmaceutical business. "As a child, I remember him sitting me down at his desk and telling me, 'One day you'll have to sit in my chair. You'll have to take the decisions.' That makes a big impression on a child," recalls Ernesto, 37. The family firm, Serono, has a long and odd history: it was founded in Rome in 1906, and its best-selling product was long a fertility drug derived from the urine of postmenopausal women, including Italian nuns. Bertarelli's grandfather...
...Recent army reports have Muklis hiding out in the cloud-swathed mountain range that rises abruptly from the placid waters of Lake Lanao in central Mindanao. "Getting into that area is very, very difficult," says Colonel Ernesto Boac, commander of the army brigade based in Marawi. Standing in front of a topographical wall map, he points to the densely wrinkled contours along the provincial border south of the lake. "It's difficult getting human intelligence out of there, and we're not picking up radio transmissions. It's a black hole." Not just for the Philip-pines, but increasingly...
...good thing, then, that the hope of beating the Kiwis, who have held the Cup since 1995, enticed the fabulously rich to open their wallets. The competition includes teams funded by Oracle's Larry Ellison, Microsoft co-founder Paul Allen and telco investor Craig McCaw; biotech mogul Ernesto Bertarelli; shipping magnate Vincenzo Onorato; British tech millionaire Peter Harrison; and, of course, all the old and new money associated with the New York Yacht Club. After the first round robin in the famously capricious winds of Auckland's Hauraki Gulf, two of the highest-spending syndicates, OneWorld Challenge (budget: $75 million...