Word: turin
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...Italy, assessing the impact of Agnelli and his fellow industrialists on every aspect of Italian life. Bureau Chief James Bell, who concentrated on the man who is known to his countrymen as "Numero Uno," was surprised by the utter plainness of Agnelli's office above his factory in Turin. To Bell, it was "the sort of place you might expect the smelter superintendent of a Montana copper mine to have." Then the interview moved to Agnelli's chalet on the top of Turin's highest hill, 1,200 ft. above the city. "The breathtaking view...
...most widely admired and envied Italian industrialist-the Numero Uno-is Giovanni Agnelli, the head of automaking Fiat. Turin-based Fiat, which has produced four out of every five cars on Italy's roads, has done more than any other Italian firm to shape the country's new affluence at home and influence abroad. "Agnelli has a mythology not unlike President Kennedy's," writes British Journalist Anthony Sampson in The New Europeans. "Clearly his presence fills some kind of psychological...
Fiat is more than a company; it is a city-state. Most of its 157,000 employees work in 22 plants around smog-covered Turin. Their paychecks, which average $1.28 an hour for a 45-hour week, directly support 40% of the city's 1,300,000 population. Fiat has company housing, company resorts and entertainment, company clinics and sports teams-but few company strikes. There have been work stoppages on only 34 days in the past six years. Fiat also controls Turin's La Stampa (circ. 500,000), which is probably Italy's best daily after...
...particular I.F.I, interest is in Villar Perosa, a town of 4,000 not far from Turin. The people use a church on the Agnellis' 60-acre country estate and draw their livelihood from an I.F.I.-controlled ball-bearing industry. They also routinely elect Agnellis as their mayors. Gianni has held the job since World War II, and his main concerns have been with Villar Perosa's housing, its budget and its roads. Recently I.F.I, issued 3,000,000 shares of stock that were eagerly bought at $9.63 each by some 30,000 investors. Gianni...
...clinic in Florence. The accident left him with a stiff right leg-he still limps -but he denies any personal trauma besides distress that "I had not been able to let my friends know I would be late for lunch." Within a year, he settled down in Turin and, at 32, he married swan-necked Princess Marella Caracciolo di Castagneto. As Gianni's mother was, Marella is half-American; her own mother came from Peoria, Ill., and, on a trip to Italy, met and married Prince Filippo, Duke of Melito. Agnelli has played down the playboy image...