Word: montezemolo
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...core of the Agnelli family fortune demanded to be given Umberto's title of chairman as well. To the family, it seemed like a blatant power grab, and when its members replied, "No, grazie," he quit in a huff. The top job went instead to Luca Cordero di Montezemolo, the head of Ferrari and a family intimate for three decades. Two young Agnelli cousins were elevated too. John Elkann, 28, was appointed Fiat deputy chairman, and his cousin Andrea Agnelli, also 28, joined the board. Another long-standing Agnelli manager was quickly named CEO. "The family moved very fast," says...
...LUCA DI MONTEZEMOLO Hard-Driving Exec...
Ferrari chairman Montezemolo, 54, wants to take the fabled racing-car firm public. Funds from the IPO would go toward setting up theme parks and, in the U.S., Europe and Asia, a string of retail stores--which is not to say he's sick of selling cars. Last year Ferrari logged record sales, and after a 12-year hiatus, is reintroducing the U.S. to the Maserati. Orders for the $89,315 Spyder are pouring in by the hundreds...
...plowed into a wall at more than 160 km/h. The impact broke the Ferrari's chassis and Schumacher's right leg. An enforced three-month layoff followed. (He was ordered back into the car for the last two races of the season after Ferrari boss Luca di Montezemolo phoned Schumacher's home and was told by his daughter Gina Maria that Daddy couldn't come to the phone because he was playing football in the back yard.) In any case, the layoff gave him time to think. He later told a motor-sport magazine: "I think my accident gave...
Buyers from major department stores were wowed by Klein's deep-think. I. Magnin stopped the presses on its Christmas catalogue to include a full page of the line. Says Catherine di Montezemolo, a vice president of Lord & Taylor: "It's a gut feeling, but I don't see how it can miss." In November Lord & Taylor will display the undies in two locations in its Fifth Avenue store: lingerie and the Klein boutique. New York City-based Bloomingdale's is planning to overhaul areas of its intimate-apparel departments to feature the collection. But Vice...