Word: olivettis
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...struggle with Communist trade unions embittered the immediate postwar years; with Giorgio Valerio, the head of Montecatini-Edison, the electric giant, whose hatred for the left is so virulent that he considered the center-left coalition in Italy little short of treason; and with such other capitalist barons as Olivetti's Aurelio Peccei, E.N.I.'s Marcello Boldrini and Finsider's Ernesto Manuelli. All of them already deal with the Russians-and all want to do more. "We do business wherever we can," says Valerio...
...quadruple Russia's auto production. Italy's giant, government-owned petrochemical complex, E.N.I., is negotiating with the Russians to build a natural-gas pipeline from Lvov in the western Ukraine to Trieste to replace the fuel from its nearly depleted natural-gas fields in the Po Valley. Olivetti is also nearing the signing of a major contract under which it will build one factory to produce 150,000 typewriters a year for the Russian market, another to produce 50,000 calculating machines annually...
...manpower and management by tearing down the old nationalistic walls that divide its markets, restrict competition and protect inefficiency. That prescription is already obvious to almost everybody in the Atlantic Community-except, of course, De Gaulle. "We must become modern in our heads, not only in our gadgets," says Olivetti Managing Director Aurelio Peccei. "It is inconceivable that we in Europe are still bound by the nation-state concept. If we can get rid of these barriers, I see a tremendous upsurge-intellectual and psychological...
...expand its business with Europe, the U.S.S.R. has just closed two other deals. Italy's Olivetti announced last week that it will advise the Russians about how to mechanize their huge bureaucracies, sell them office machines ranging from typewriters to calculators. Greek Shipping Magnate Achilles Franghistas agreed to buy 33 Soviet-built cargo ships. The terms: $76 million in long-term credit, $29 million in increased Soviet purchases of farm produce-a welcome outlet for Greece's agricultural surpluses...
...Bolshoi. In earlier trips the youngsters had visited Lisbon and Tangier, explored an Olivetti factory near Naples, toured the Brolio winery in Florence, quizzed their way through East and West Berlin, Vienna, Prague, Munich. During spring vacation, some of the Americans talked with students at Moscow University, attended the Bolshoi Theater. Back at Lugano, a lively faculty (average age: 28) related the tour experiences to such required courses as contemporary Europe, European literature, logic and composition, French and Italian languages...