Word: parma
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...brother, Giovanni Tanzi, was also arrested last week, along with another four Parmalat officials. Enrico Bondi, a corporate bailout wizard installed by the Italian government, is trying to salvage the company. A Parmalat spokesman told TIME that a draft company-restructuring plan will be submitted this week. The Parma soccer team, once run by Stefano, is almost certainly destined for the chop...
From Milan boardrooms to Parma dairy farms, Calisto Tanzi was long viewed as a model Italian entrepreneur--modest, hardworking and, above all, generous. Over four decades, as he built Parmalat, the food company he founded in Parma in 1961, into a worldwide giant with annual sales of $9.6 billion, he showered the town with his philanthropy. A pious Catholic, Tanzi helped pay for a major restoration of Parma's 11th century basilica. He poured cash into the local pro-soccer team, restored the theater and financed programs for the poor, AIDS patients and drug addicts. "He has got that impulse...
Shortly before his arrest, Tanzi and his wife visited Fatima, the Portuguese town to which Catholics make pilgrimages seeking miraculous interventions. His trip symbolized the pious Tanzi that Parma natives know. Indeed, upon his arrival at San Vittore prison in Milan, one of the first things Tanzi did was attend a prison Mass. He had better keep praying, because he may need a miracle to extricate himself and his company from the mess they are in. --With reporting by Jeff Israely/Parma
From Milan boardrooms to Parma dairy farms, Calisto Tanzi has long been viewed as the model Italian entrepreneur: hardworking, successful, modest, pious and, above all, generous. Over the past four decades, as he built dairy company Parmalat into a worldwide giant with annual sales of €7.6 billion, he showered his hometown of Parma with his philanthropy. Tanzi helped pay for a major restoration of Parma's theater and 11th century basilica. He poured cash into the local soccer team, making it one of Europe's best, and financed programs for the poor, aids patients and drug addicts. Last February...
...your item on the efforts of some countries to protect the trade names of regional foods [NOTEBOOK, Aug. 11]: The issue is not protectionism but food quality and the years of experience that produce masterpieces like Parma ham and Parmesan cheese. I cannot expect to find an appreciation of food culture in a country whose biggest contribution to cuisine is the Big Mac, but Americans should understand why our food is so region-specific. Parmesan cheese owes its unique taste to conditions found only around Parma, Italy, and to the grass that is eaten by local cows. Americans will never...