Word: italianity
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...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 be Elkann's greatest challenge. --By Jeff Israely/Rome
...years at Total, now France's largest oil company, Dairon, 56, brought with him a vast store of knowledge about refining and marketing - but he wasn't there to drill down into it. Instead, he stood up in front of 100 managers of the company's Italian subsidiary and asked them some tough questions about the feel-good business trend of the year: corporate social responsibility. "Is this a new era of capitalism?" he asked. "Or is it hypocrisy in action, a cynical response to the company's critics?" A lot of people - inside and outside business - are wondering...
...considered not democratic?" Dairon asks. "Should it substitute for international organizations in judging a country in the first place?" He opens up the floor for comments. "We need to flip the image in the media and publicize the more positive aspects of what we're doing there," says one Italian manager. Dairon concurs. "I agree one hundred percent," he says. "But we are a company of engineers. We are very rational. Perhaps we work too rationally." Changing culture, it seems, is easier said than done...
...suicide bombings of British targets in Istanbul trigger a Europe-wide crackdown? Eleven terror suspects were taken into custody in Western Europe last week - three in Italy, seven in Britain, and one in Germany - as a top Italian antiterror official told time that terror groups "are trying to move closer to [striking in] European territory." Security agencies were on high alert; Italian officials even discussed closing the Rome and Milan metros in the final 48 hours of Ramadan. But authorities say last week's arrests were the culmination of long investigations, not hasty responses to the Istanbul blasts. And some...
...cashed-up jet-setter, and bathrooms are the same generous size as the bedrooms - a lovely touch for those who like spacious expanse for their ablutions. In the evenings, the Park bar beckons with the promise of an aperitif or two, after which a meal of innovative Italian cuisine in the Park restaurant will be hard to resist. Is your sharpest Armani jacket required? I should think...