Word: umberto
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...favorite spots of exile, with Switzerland a close third. Albania's Leka I, Bulgaria's Simeon II and Russia's Grand Duke Vladimir-who presumably would be enthroned as Czar Vladimir III if the Romanovs were ever restored to power-live in Spain. Italy's Umberto II, Spain's Don Juan and Portugal's own Duarte, Duke of Braganza reside in Portugal. In Switzerland, there are Michael of Rumania and Ahmed-Fuad II of Egypt (Farouk's eldest son), while Otto von Hapsburg, the heir to the Austro-Hungarian empire who now calls...
Many Skeptics. A steady stream of auto executives, from Henry Ford II to Fiat Managing Director Umberto Agnelli, has visited the Kalmar plant...
Acting out of political considerations, as he freely conceded, Bertoldi granted the unions a $150 million settlement containing practically everything they asked for, including a $32 a month pay increase that was $8 higher than the company's final offer. Umberto handed in his resignation, but the Fiat board persuaded him to stay...
...what effect is unclear: Umberto has stated that the contract makes it impossible for Fiat to operate at a profit. The award will raise labor costs 11.5%, on top of a 17% hike last year. Meanwhile, government regulations have clamped a lid on the prices that Fiat can charge, and its auto sales are down by as much as 45% because of apprehension over the energy situation. Even before the award, the company had slipped about $30 million into the red last year, its first loss in recent history...
...attempting to cope with Italy's social and economic problems, the government is burdening the private sector with more responsibilities than it can handle. Fiat has tried to help by building big new plants in the depressed southern Mezzogiorno and worker housing in its home city of Turin. Umberto Agnelli criticizes the unions for not taking these expenditures into account when pressing for wage increases to catch up with the cost of living, spiraling at the rate of 15.6% annually; but his greatest scorn is reserved for the government. "There is no economic plan," he says acidly, "no consistent...