Word: finanziario
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...surprisingly, the Agnellis-Gianni and his five brothers and sisters-are often described as "not a family but an economy." When Agnelli tells people that he "looks after a few matters for my brothers and sisters," he refers to his stewardship of I.F.I. (Istituto Finanziario Industriale), a family holding company that looks after a sizable chunk of Italy. I.F.I, holds the family's 25% controlling interest in Fiat, plus a 50% interest in Cinzano vermouth and investments in cement, chemicals, shipping, insurance, finance, assorted hotels and real estate...
...that they need the Agnelli syndicate to come in and buy one-third of Olivetti. To run Fiat and some 110 other companies that range from cement to Cinzano vermouth, Giovanni Agnelli's twelve heirs have put their combined holdings into a smoothly functioning holding company called Istituto Finanziario Industriale...
...Will and Creation." Fiat, whose name Soldier-Poet Gabriele D'Annunzio once defined as the "word of will and creation," is a vertical trust which, through a holding company named I.F.I, (for Istituto Finanziario Italiano), controls a good cross section of Italy's economy. Among its holdings are insurance, busses, airlines, hotels, and cement, paint and steel plants. Abroad, in six countries from Sweden to India, Fiat plants turn out goods sold in 80 countries...
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