Word: longo
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...adamant was longtime Director-General Imbriani Longo, now 72, about the proposition that politics and bank ing do not mix that he even declined government honors and decorations...
...Longo's policies paid off. The Lavoro, which makes loans on everything from grain crops to Gina Lollobrigida movies, is now the world's eighth largest commercial bank. It has assets of $7.05 billion, last year earned $11,136,000 from the operations of 205 domestic and ten overseas offices...
Squabble Between Allies. Last week, though, the Banca del Lavoro was vault-deep in politics, and both Longo and Ettore Lolli, 58, his longtime No. 2 man and heir apparent, had resigned. Reason: a squabble between Christian Democrats and Socialists over who would be officially tapped to run Italy's biggest financial institution once Longo stepped out. The Christian Democrats favored Lolli, who has the backing of such important moneymen as Bank of Italy Governor Dr. Guido Carli and Treasury Minister Emilio Colombo. The Socialists, demanding jobs and economic power as the price for their 1963 split with...
...Socialists so far have not been able to get Pagliazzi into the job, but they managed to keep Lolli out. As a stopgap while the parties argued, Longo moved up to board chairman and an aging interim director-general was named; Pagliazzi was made a deputy director-general, along with Lolli, who was running most of the bank's operations. Two weeks ago, Carli quietly informed Lolli that his chances of becoming director-general were nil; to solve the impasse the government will probably name another candidate...
...other party appeared very interested in Longo's offer of "a new leftist unity"-least of all the two other major left-wing parties, the Socialists...