Word: ferraris
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Dates: during 2000-2009
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...Agnelli family fortune demanded to be given Umberto's title of chairman as well. To the family, it seemed like a blatant power grab, and when its members replied, "No, grazie," he quit in a huff. The top job went instead to Luca Cordero di Montezemolo, the head of Ferrari and a family intimate for three decades. Two young Agnelli cousins were elevated too. John Elkann, 28, was appointed Fiat deputy chairman, and his cousin Andrea Agnelli, also 28, joined the board. Another long-standing Agnelli manager was quickly named CEO. "The family moved very fast," says a person close...
TECHNOLOGY: Jewelry with pictures; electronic buddy locator; camera a la Ferrari...
...Formula 1 racing--kind of a NASCAR for the rest of the world--Michael Schumacher is king. He has claimed six world championships, including the past four for Ferrari. In an example of blatant but stylish cross-marketing, Olympus will introduce in July the official camera of Schumacher's racing team, the Ferrari Digital Model 2004 ($699), a 3.2megapixel digital camera with 3X optical zoom. The innards were conceived mainly by Olympus' brain trust. (Its sleek body is less than 1 in. thick, thanks to a periscope-style zoom lens, and though measuring only 3.7 in. across, it still...
...lady singing on the podium after the very first Grand Prix of the Formula One season? You might have thought so, given the stunned looks on the faces of the drivers who got blown out by Michael Schumacher and Rubens Barrichello's one-two finish for Team Ferrari on March 7. But with 17 races left in the season, there's still hope for mere mortals, and this weekend in Sepang there'll be a major difference in the racing: the weather. Where Melbourne was cool, Malaysia will be steamy, and that will make a big difference in a crucial...
...crop-support payment--regardless of his partner's income. At the other end of the economic spectrum, the law prohibits Senators' spouses from accepting gifts worth more than $250 a year. But if, say, a Senator left his wife for a man, the new boyfriend could take a Ferrari from a Saudi prince if he wanted...