Word: societa
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Dates: during 1960-1969
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...named because it grew out of the engineering projects (in Italian, progetti) division of the former Societa Nazionale Meta-nodotti, another ENI subsidiary...
Reversing Trends. Sindona's penchant for joint ventures and foreign partners is the key to his good financial health. After he moved north from Sicily in 1947, he worked as a tax lawyer and accountant for such companies as Societa Generale Immobiliare and Snia Viscosa. In the process he noticed a simple but significant economic fact: while some countries were undergoing slumps, others were almost inevitably in a boom. Sindona reasoned that he could beat the economic cycle by founding firms in various countries, thus covering possible losses with almost certain profits elsewhere...
When Italy's Pietro Nenni was asked last year what price he demanded in return for supporting a center-left coalition government, the old Socialist leader growled: "The head of Giorgio Valerio." The head belongs to the aristocratic managing director of Societa Edison, then Italy's largest public utility holding company. Nenni got his price-the country's power industry was nationalized-but Giorgio Valerio kept his head, and is busy proving that he knows very well...
...Watergate's architects pacified some of these critics with modest design changes, but are still fighting off an outfit called Protestants and Other Americans United for Separation of Church and State, which sees dark meanings in the fact that Watergate is to be built by Italy's Societa Generale Immobiliare, in which the Vatican holds an estimated 20% stock interest...