Word: fiats
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Dates: during 1960-1969
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Artist Glanzman, who has done a variety of TIME covers in a variety of styles and media, used raw textured silk and leather as a background for his unusual composition. "I painted the head on steel," he says, "to represent Fiat. The silk and leather represent Italian industries...
...most widely admired and envied Italian industrialist-the Numero Uno-is Giovanni Agnelli, the head of automaking Fiat. Turin-based Fiat, which has produced four out of every five cars on Italy's roads, has done more than any other Italian firm to shape the country's new affluence at home and influence abroad. "Agnelli has a mythology not unlike President Kennedy's," writes British Journalist Anthony Sampson in The New Europeans. "Clearly his presence fills some kind of psychological...
...several retreats in the mountains and on the Italian Riviera. They travel among them in their own jet, helicopter and yachts. They socialize with the Henry Fords, Jackie and Ari Onassis, Rainier and Grace, and assorted Rothschilds-that is, when the head of the household is not busy talking Fiat business with Charles de Gaulle or Aleksei Kosygin...
...Fiat is more than a company; it is a city-state. Most of its 157,000 employees work in 22 plants around smog-covered Turin. Their paychecks, which average $1.28 an hour for a 45-hour week, directly support 40% of the city's 1,300,000 population. Fiat has company housing, company resorts and entertainment, company clinics and sports teams-but few company strikes. There have been work stoppages on only 34 days in the past six years. Fiat also controls Turin's La Stampa (circ. 500,000), which is probably Italy's best daily after...
...Fiat appeared well after Germany's pioneering Daimler-Benz (1885) and other firms, but four years before Ford...