Word: ifill
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...would prefer. The anointed heir to Italy's greatest industrial fortune is settling into his chair at Vittoria, a homespun Torino trattoria where plates clank every time the nearby kitchen door swings open. But for John Elkann, the 30-year-old who is vice chairman of both Fiat and IFIL, the Agnelli family's $7.7 billion holding company, it is the perfect setting for a power lunch. "You know why I really like this place?" he asks, lowering his voice and widening his eyes. "Because it's fast...
...Agnelli would prefer. The anointed heir to Italy's greatest industrial fortune is settling into his chair at Vittoria, a homespun Turin trattoria where plates clank every time the nearby kitchen door swings open. But for John Elkann, the 30-year-old vice chairman of both Fiat and IFIL, the Agnelli family's €6 billion holding company, this is the perfect place for a power lunch. After ordering his favorite Vittoria dish - a lightly fried veal cutlet with fresh tomatoes - Elkann leans in to better explain his choice. "You know why I really like this place?" he says, lowering...
...Working largely behind the scenes, Elkann has focused recently on the family's holding company, IFIL, Italy's largest company, with stakes beyond the car business in banking, corporate consulting and publishing. Increasingly, though, the new capofamiglia of the Agnelli dynasty is spreading his wings. Elkann was one of just a handful of executives quoted in the press after last month's keynote address by new Bank of Italy governor Mario Draghi. Three weeks ago he participated for the second time at the annual Bilderberg meeting, an invitation-only gathering of the international business and political élite. Elkann also...
Elkann's duties now are centered at the company's investment group, IFIL, which has broadened its holdings to include banking, retail and ownership of Turin's soccer team, Juventus. But the core of the business is still cars, and that is where Elkann's mettle will be tested. Fiat saw its share of the Italian auto market fall from 60% to 39% in the late 1990s, before striking a stock-swap deal with General Motors in 2000. Fiat needs to reaffirm the brand at home and expand abroad. That was perhaps Gianni Agnelli's greatest achievement--and could...
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