Word: pagliazzi
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...backing of such important moneymen as Bank of Italy Governor Dr. Guido Carli and Treasury Minister Emilio Colombo. The Socialists, demanding jobs and economic power as the price for their 1963 split with the Communists and alliance with the Christian Democrats, urged the appointment of Paolo Pagliazzi, 58, a former professor who is currently the bank's real estate loan expert...
...Socialists so far have not been able to get Pagliazzi into the job, but they managed to keep Lolli out. As a stopgap while the parties argued, Longo moved up to board chairman and an aging interim director-general was named; Pagliazzi was made a deputy director-general, along with Lolli, who was running most of the bank's operations. Two weeks ago, Carli quietly informed Lolli that his chances of becoming director-general were nil; to solve the impasse the government will probably name another candidate...
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