Word: istituto
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Having the Italian government as chief stockholder of parent ENI also helps. Two state agencies, Mediobanca and Istituto Mobiliare Italiano last week agreed to lend Zambia $30 million to pay Progetti for an oil pipeline from landlocked Zambia to Dar es Salam on the Tanzania coast...
Welfare for Watts. To do the research, U.C.L.A. has created the nucleus of a truly first-rate teaching staff, luring men from other campuses with annual salaries of $25,000 or more. From Rome's Istituto Superiore di Sanita came Chemist Daniel Bovet, a Nobel prizewinner in 1957. Another Nobel recipient, Willard Libby, helps make U.C.L.A.'s chemistry department one of the ten best in the U.S. In the past six years, U.C.L.A. has created ten new interdisciplinary study centers, ranging from brain research to medieval and Renaissance studies to space science, a College of Fine Arts, Schools...
Alfa-Romeo's performance delights the Italian government, which owns 90% of the company's 45 million shares through Istituto per la Ricostruzione Industriale, the government holding company which also controls the jets of Alitalia, the luxury ships of the Italian Line and the nation's telephone and radio-TV networks. After suffering from indifferent sales early in the 1960s Alfa-Romeo has been revived largely by President Giuseppe Luraghi, 60. A onetime IRI executive, Luraghi was put in the driver's seat to balance speed and wind designing with cost accounting, marketing and long-range...
...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...
...Italian Senate approved a stabilizing program that restricts installment-buying and raises taxes on cars and gasoline, automaking Fiat and Innocenti threatened to fire thousands of workers. Olivetti also announced cutbacks and layoffs. But amid these signs of protest and trouble, business continued to be good for one giant, Istituto per la Ricostruzione Industriale, a state-run holding company that is the biggest enterprise in Italy...