Word: marzottos
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Towering above the quaint tile roofs of Valdagno. a village in Northern Italy, are two imposing structures-a huge textile mill, now being enlarged into Europe's biggest spinning and weaving plant, and an eight-story grey marble mansion. Both belong to the Marzotto family. So do the village's hospitals, orphanages, parks, cafes, hotels, shops and just about everything else, including the railroad station and the 20-mile electric railway that links Valdagno with the outside world...
...counter charges that his firm is meddling in Congolese politics. More important, with European workers now earning better wages, their employers are finding that their best market is at home, increasingly aim for greater volume at lower markups and strive to meet mass tastes. Onetime racing driver Count Giannino Marzotto, managing director of Italy's biggest textile firm, daringly steered his family-owned company into ready-to-wear clothes despite warnings that he was bound to fail, has succeeded so grandly that he now oversees a thriving chain of 20 inexpensive-clothing stores throughout Italy...
...Amerikaner. Along with Marzotto, many a European firm that is still family dominated has changed its ways to get ahead. Though his uncle founded the company, Frits Philips, president of The Netherlands' giant (1961 sales: $1.4 billion) Philips Lamp, is proud that members of his family now own less than 1% of the stock. "If the stockholders decide I am doing a bad job," says Philips, "I go." And in Germany, where hired managers have traditionally been regarded with distrust, Steel Scion Alfried Krupp has given unprecedented authority to his general manager, Berthold Beitz. Among old-line Krupp executives...
...Complex. Like Marinotti-who paints passable landscapes under the name "Francesco Torri"-many a North Italian businessman takes as his personal hero that versatile Renaissance genius, Leonardo da Vinci, and like Da Vinci is not deterred from any enterprise by lack of experience. A prime example is Count Gaetano Marzotto, 67, whose family-owned Marzotto Textile is Italy's biggest wool spinner and producer of readymade clothes. Several years ago, enraged by an all-night bout with bedbugs in a Sicilian hotel, Marzotto set out to build his own hotels in Italy's remote places. Clean, simple...
...only a handful admit to making more than 5,000,000 lire ($8,000) a year. In 1954 Gina Lollobrigida, one of Italy's most conspicuous assets, reported an income of but $4,800. The tax collectors' estimate of her income: $40,000. When Textile Manufacturer Gaetano Marzotto once owned to an income of $704,000, Rome's Il Tempo suggested that "statues be built to him and piazzas named in his honor...