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Fendi CEO Michael Burke faced a similar dilemma when he took over the Roman-based brand in 2004. With a mandate from LVMH boss Bernard Arnault to turn the company around, Burke had to find a way to keep designer Karl Lagerfeld in the fold and also massage a better relationship between the designer and Silvia Venturini Fendi, the talent behind Fendi's handbag business. That required yet another kind of nuclear power plant, one that Burke promptly set about creating in the form of Fendi's historic palazzo in the center of Rome, which he renovated in order...
...Behind Benedict's Vatican Overhaul Though eyes are on his trip home, the Pope is (gradually) launching big changes back in the Roman Curia...
...while the Pope enjoys his homecoming this week (Monday he traveled to the small Bavarian town of Marktl am Inn where he was born), Vatican insiders say the beginning of the Benedict era back at the Roman Curia begins in earnest this fall. Some, in fact, predict that Bertone - a longtime trusted confidante of the former Cardinal Ratzinger - was handpicked to be Secretary of State in order to usher in a virtual revolution in the way Catholic Church headquarters operates. Through an effort that will be part downsizing, part priority overhaul, the theologian pontiff is said to want Church headquarters...
...March brought the first major slimming to the structure of the Roman Curia, as Benedict merged four existing pontifical councils into two. The Pontifical Council for Migrants and the Pontifical Council for Justice and Peace were consolidated into one office headed by Justice and Peace chief Italian Cardinal Renato Martino. Likewise, French Cardinal Paul Poupard, who headed the Pontifical Council for Culture, will now also oversee the operations of what had been the Pontifical Council for Inter-Religious Dialogue. In the short term, two top prelates - Japanese Cardinal Stephen Fumio Hamao and British Archbishop Michael Fitzgerald, respectively - lost their Curial...
...almost certainly be a shorter papacy than the 26-year reign of Pope John Paul II. He confirmed to reporters on the plane that he plans to take momentous trips to Turkey and Brazil. Back at headquarters, he also seems intent on moving forward with a reform of the Roman Curia hiearchy (see TIME.com on Monday). And while one does get the sense that the Holy Father is pacing himself (he has spent extended periods the last two summers at the relatively calm confines of Castel Gandolfo south of Rome) there is also appears to be a growing awareness from...