Word: mazzarini
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Dates: during 1950-1950
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...aviation in Italy. T.W.A. and Italy each took a 40% interest in the new company, sold the remaining 20% to three private Italian concerns. As president of L.A.I, they picked personable Prince Pacelli, now 43, a popular, socialite Rome lawyer. As his American deputy they chose auburn-haired Richard Mazzarini, a Rome-born U.S. citizen who had worked for a U.S. airline before serving...
...keeping a close eye on costs (the airline has no headquarters of its own, shares offices with a state-subsidized steamship company), Pacelli, Mazzarini and Gallo are able to undercut the railroads on some domestic routes and still make a profit. L.A.I, has paid a 5% dividend to its' stockholders every year...
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