Word: societa
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...Europe this summer (or indeed anywhere else) should be a giant display of futurist paintings, sculpture, books, pamphlets, posters and memorabilia in a palace, no longer tottering, on the Grand Canal. Titled "Futurismo & Futurismi" ("Futurism and Its Offshoots," more or less), the exhibition marks the opening of the Societa per Azioni Palazzo Grassi (Grassi Palace Society for Actions), housed in an 18th century structure whose restoration and conversion was brilliantly carried out by the Milanese architect Gae Aulenti. The new museum, lavishly funded by Fiat, is run by Pontus Hulten, former director of the Pompidou Center in Paris...
...back to 1929, when the Italian government under Benito Mussolini paid $83 million to the Holy See as compensation for the loss of papal territory seized from the church in 1870 by the Italian republic. Much of that money was eventually invested in real estate and Italian companies like Societa Generate Immobiliare, the giant international construction firm that later built Washington's Watergate apartment and hotel complex...
...Keating, Honeywell; Folke Lindskog, Svenska Kullagerfabriken (S.K.F.); Jacques G. Maisonrouge, IBM World Trade; Sir Arthur Norman, The De la Rue Co.; Dr. Aurelio Peccei, Olivetti; Count Theo Rossi Di Montelera, Martini & Rossi; Evelyn de Rothschild, N.M. Rothschild & Sons; Dermot A. Ryan, Ryan's Tourist Holdings; Nino Rovelli, Societa Italiana Resine; Curt R. Strand, Hilton International; Charles C. Tillinghast Jr., TWA; Hendrik A.C. Van Riemsdijk, Philips' Gloeilampenfabrieken; Eberhard Von Kuenheim, Bayerische Motoren Werke (B.M.W.); Gerrit A. Wagner, Royal Dutch Petroleum; Pierre Waltz, Societe Suisse pour 1'Industrie Horlogere; Dr. Joachim Zahn, Daimler-Benz...
...Vatican, too, has been looking at its investments. Its financiers have sold most of the church's 15% interest in Italy's Societa Generate Immobiliare, a company that made its fortune building luxury housing. The Vatican no longer intends to hold a principal interest in any company-but hardly as a method of protest. Explains one of the church's lay financial advisers in Rome: "The Vatican was getting blamed for too many things. If Immobiliare raised the rents, the tenants blamed the Vatican. If the water was cut off, it was the Pope's fault...
...nation community; they also make aircraft parts for U.S. firms. Wage rates in many northern Italian plants, however, have now climbed to equality with other parts of the Common Market, and Italian unions are demanding that the same scales be extended to workers in the depressed south. One result: Societa Generate Semicon-duttori, the country's biggest maker of electronic components, is building a $1.3 million transistor plant in Singapore, where wage costs will be only one-tenth what they are in Italy...