Word: nicolello
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...value of Libya's stock in the company has multiplied to an estimated $2.5 billion. Not surprisingly, Libya has no interest in ridding itself of what has proved to be a very good investment. Says Agnelli: "We have offered to buy, but they won't sell." Adds Roberto Nicolello, Fiat's chief of public affairs: "We're handcuffed. The Libyans are not interested in selling for one simple reason: Where can they put this money? No one will accept $1 from Gaddafi these days...
Fiat executives question the fairness of the U.S. move, since other firms that may have Libyan shareholders are not being penalized. They also insist that their Libyan directors have never tried to influence the way the company does business. Says Nicolello: "They behave like Swiss bankers." Maybe so, but the Gaddafi connection could be a continuing source of trouble for his unwilling business partners at Fiat...
Archoska, Nicolello, Flanagan and Barbuti, successfully defended their respective gods and countries against the menace of Penn State. Score: Syracuse, 10; Penn State...
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