Word: paolo
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EUROBLUES Driver's Seat They call him the Texan: Paolo Fresco, the white-haired Fiat chairman, who last week staved off an apparent coup orchestrated by an Agnelli brother, Italy's most powerful investment bank and Prime Minister Silvio Berlusconi. When news leaked last Monday that Fresco and CEO Gabriele Galateri were on their way out, Fresco fought back with a fiery interview in La Repubblica, saying he needed to stay to help save the company and that Berlusconi had "gone mad." By Friday, Fiat's board reconfirmed Fresco as chairman. Now Fiat needs to stem losses ahead of what...
...solid balance sheet, many of Hutchison Whampoa's minority shareholders are giving Li the benefit of the doubt, despite the swirling pessimism. Indeed, management conviction seems to be the only thing that matters?and few expect Li to blink. "3G is a long-term investment for them," says Paolo Pescatore, an analyst at research firm IDC. At least until they get a better offer...
...breads until they were done, deftly wielding his peel (the paddle used to take bread in and out of an oven) like an extended arm. The ovens were heated to more than 200 degrees Celsius, and, as I dodged the racks of rising breads, I quickly began to sweat. Paolo called me over to smell the sourdough sponge (the mixture which gives the bread its flavor) that’s been growing for years. “Not very sour, though,” he said. “The people here in Cambridge don’t like...
...Provence with his partner, Nicoletta Peyran, and their two children, who speak French with a Provençal twang. He feels right at home in Europe where, he says, gifted people aren't pigeonholed. America has experts, says Malkovich, but Europe can yield magisterial figures like the late Pier Paolo Pasolini, a political thinker, novelist and film director. Another inspiration: Jean-François Revel, whose bestselling book, The Anti-American Obsession, is only the latest reflection of the author's catholic interests from Proust to political philosophy. "Here there is more apt to be infiltration from one form...
...enacting the promised market reforms. The latest troubles come as talk is growing that the Agnelli family is set to walk away from the car business altogether. Fiat could force General Motors, which already owns 20% of the Italian company, to buy the balance beginning in 2004. Fiat chairman Paolo Fresco indicated to the Wall Street Journal that the sale now appears more likely. That would be bad news for Berlusconi, though it might make good business sense. Fiat share prices, in fact, jumped nearly 9.6% after Fresco's comment. "If you're really for the free market, you just...