DOCSLIB.ORG

Annual Report 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2018 ANNUAL REPORT 2018 CONTENTS CORPORATE BODIES BOARD OF DIRECTORS .............................................................................................................................. 05 NOTICE OF ANNUAL GENERAL MEETING ................................................................................................. 07 REPORT ON OPERATIONS 1. PERFORMANCE OF THE GROUP .......................................................................................................... 14 2. PERFORMANCE OF THE PARENT ......................................................................................................... 18 3. RECONCILIATION OF THE PARENT'S FINANCIAL STATEMENTS WITH THE CONSOLIDATED FIGURES .......................................................................................................... 19 4. PERFORMANCE OF THE BUSINESS SEGMENTS ................................................................................... 21 5. OUTLOOK ............................................................................................................................................ 27 6. PRINCIPAL RISKS AND UNCERTAINTIES TO WHICH COFIDE S.P.A. AND THE GROUP ARE EXPOSED .. 27 7. OTHER INFORMATION ........................................................................................................................ 29 CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2018 1. STATEMENT OF FINANCIAL POSITION ................................................................................................ 36 2. INCOME STATEMENT .......................................................................................................................... 37 3. STATEMENT OF COMPREHENSIVE INCOME ....................................................................................... 38 4. STATEMENT OF CASH FLOWS ............................................................................................................. 39 5. STATEMENT OF CHANGES IN EQUITY ................................................................................................. 40 6. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ................................................................. 41 CERTIFICATION OF THE CONSOLIDATED FINANCIAL STATEMENTS PURSUANT TO ART. 154-BIS OF LEGISLATIVE DECREE N. 58/98………………… ............................................. 138 SEPARATE FINANCIAL STATEMENTS AT 31 DECEMBER 2018 1. STATEMENT OF FINANCIAL POSITION ................................................................................................ 140 2. INCOME STATEMENT .......................................................................................................................... 141 3. STATEMENT OF COMPREHENSIVE INCOME ....................................................................................... 142 4. STATEMENT OF CASH FLOWS ............................................................................................................. 143 5. STATEMENT OF CHANGES IN EQUITY ................................................................................................. 144 6. NOTES TO THE SEPARATE FINANCIAL STATEMENTS .......................................................................... 145 CERTIFICATION OF THE SEPARATE FINANCIAL STATEMENTS PURSUANT TO ART. 154-BIS OF LEGISLATIVE DECREE N. 58/98…….………….. ............................................ 182 LIST OF EQUITY INVESTMENTS AT 31 DECEMBER 2018............................................................................... 183 REPORT OF THE BOARD OF STATUTORY AUDITORS ................................................................................... 191 REPORT OF THE INDEPENDENT AUDITORS ................................................................................................. 199 This Annual Report at 31 December 2018 has been prepared pursuant art. 154 ter of Italian Legislative Decree 58/1998 and in accordance with applicable international accounting standards endorsed by the European Union pursuant to EC Regulation 1606/2002 of European Parliament and of the Council of 19 July 2002, as well as all the measures issued in implementation of art. 9 of Italian Legislative Decree 38/2005. 1 2 COFIDE - Gruppo De Benedetti S.p.A. Share capital € 359,604,959 Company Register and Tax Code 01792930016 The Company is subject to management control and coordination by Fratelli De Benedetti S.p.A. Registered office and operating offices Administrative office 20121 Milan, Via Ciovassino 1 10129 Turin, Via Valeggio 41 Tel. (02) 72270.1 Telefax (02) 72270.270 Tel. and Telefax (011) 5517 + 3 4 CORPORATE BODIES BOARD OF DIRECTORS Honorary Chairman CARLO DE BENEDETTI Chairman RODOLFO DE BENEDETTI (*) Directors MASSIMO CREMONA (1) (2) (3) EDOARDO DE BENEDETTI MARCO DE BENEDETTI PAOLA DUBINI (1) (2) PIERLUIGI FERRERO FRANCESCO GUASTI (1) (2) PIA HAHN MOROCCO (2) MARIA SERENA PORCARI (2) Secretary to the Board MASSIMO SEGRE BOARD OF STATUTORY AUDITORS Chairman RICCARDO ZINGALES Acting Statutory Auditors TIZIANO BRACCO ANTONELLA DELLATORRE Alternate Statutory Auditors LUIGI NANI LUIGI MACCHIORLATTI VIGNAT PAOLA ZAMBON INDEPENDENT AUDITORS KPMG S.p.A. Report pursuant to the recommendation in Consob communication DAC/RM/97001574 of 20 February 1997 (*) Powers as per Corporate Governance (1) Member of the Appointments and Compensation Committee (2) Member of the Control and Risk Committee (3) Lead Independent Director 5 6 COFIDE – GRUPPO DE BENEDETTI S.p.A. Milano – Via Ciovassino 1 Share Capital: Euro 359,604,959.00 fully paid up – Company Register and Tax Code. No. 01792930016 Company subject to management and coordination by F.lli De Benedetti S.p.A. NOTICE OF ANNUAL GENERAL MEETING The Shareholders are invited to attend the Ordinary and Extraordinary session of the Annual General Meeting on 29 April 2019 at 4.00 p.m., on single call, in the Palazzo delle Stelline Congress Centre, Corso Magenta 61, to discuss and pass resolution on the following AGENDA Ordinary Part 1. Financial Statements for the year ended December 31 2018. Resolutions on the same. Presentation of the Consolidated Financial Statements at as end for the year ended 31 December 2018. 2. Determination of the number of Directors, appointment of the members of the Board of Directors for the years 2019-2021 and decision as to their fees. 3. Proposal to cancel the resolution of 27 April 2018 regarding the authorization to purchase and dispose of treasury shares and proposal for a new authorization. 4. Remuneration Report. Extraordinary Part 1. Amendments to the Company Bylaws on the subject of increased voting rights. Resolutions pertaining to and resulting from the same. INFORMATION ON THE SHARE CAPITAL The share capital amounts to € 359,604,959.00 and consists of 719,209,918 ordinary shares each with a nominal value of € 0.50 and with voting rights except for the own shares for which voting rights are suspended. Each share is assigned one vote or two votes as per the terms of Art. 8 of the Company Bylaws if the Board of Directors has ascertained that such a right exists. ATTENDING THE SHAREHOLDERS’ ANNUAL GENERAL MEETING IN PERSON AND BY PROXY Entitlement to take part in the Meeting and exercise a vote is attested by a notification – made by an authorized intermediary in accordance with of Art. 83-sexies of D.Lgs. no. 58/98 and subsequent amendments and additions (TUF) – in favour of the individual who has the right to vote based on evidence available at the close of business Tuesday April 16 2019, the seventh trading day preceding the date fixed for the single call of the Shareholders’ Meeting. Any persons who obtain entitlement only after that date will not have the right to attend or vote at the Meeting. To make it easier to check their entitlement to take part in the proceedings of the Meeting, participants are requested to show their copy of the notice made to the Company, which the authorized intermediary, in accordance with current regulations, is required to make available to them. Any holders of shares that have not yet been dematerialized should first present their share certificates to an authorized intermediary for input into the centralized clearing system in electronic form, in accordance with the provisions of Article 36 of the single Measure on post-trading issued by Consob and Bank of Italy on August 13 2018, and should request that the notification be sent in as above. Persons with voting rights can appoint a proxy to represent them at the Shareholders’ Meeting in 7 accordance with Art. 2372 of the Civil Code and with any other rules or regulations applicable. The proxy form at the bottom of the notification issued by the authorized intermediary may be used, or alternatively, there is a proxy form that can be downloaded from the company website www.cofide.it in the section Documents. The proxy form can be sent by registered post with advice of receipt (A.R.) to the Milan Office – Via Nervesa 21 - or, alternatively, may be sent to the certified e-mail address [email protected]. If the proxy gives or sends the Company a copy of the proxy form, he or she must certify under his or her own responsibility that the copy corresponds to the original and confirm the identity of the person appointing such proxy. In accordance with legislation on the subject, Shareholders can, without incurring any charges, appoint as proxy Studio Segre S.r.l. as the Representative Designated by the Company as per the terms of Art. 135-undecies of the TUF. The proxy is appointed by signing the appropriate form available in the above-mentioned section
Load more

Recommended publications
  • Carlo De Benedetti
    30 IVREA AGLIE’• Dai racconti del marito Giovanni, 77 anni. Nel 2005 la moglie è morta colpita da un mesotelioma pleurico. La sentenza d’appello Lucia, ex operaia uccisa dal talco In fabbrica senza alcuna protezione. Mancavano gli impianti di aspirazione "Usava dei rulli pieni di talco, per cui il grembiu - COLPEVOLE RITARDO le che portava a casa, al - Alla Olivetti si sapeva "della pericolosità degli PARTE CIVILE la sera, era tutto bianco. agenti chimici" utilizzati durante la lavora - E prima di entrare lo zione, ma si è provveduto "con colpevole ri - “Lavoro encomiabile” scuoteva". tardo" ad affrontare il problema. "Un lavoro davvero encomiabile, di altissi - La tragedia dell'amian - E' quanto si ricava dalla sentenza con cui la mo livello professionale, portato avanti fra to all'Olivetti è nelle pa - Corte d'appello di Torino condannò l'ex am - mille difficoltà legate alla carenza di organico e role - riferite ai giudici - ministratore delegato, Ottorino Beltrami, alla penuria di mezzi": così l'avvocato Laura di un signore che oggi nel processo - per il caso della morte di una D'Amico descrive l'indagine della procura di ha 77 anni, Giovanni , lavoratrice - che ha originato l'inchiesta che Ivrea sull'amianto negli stabilimenti Olivetti. di Aglié , marito di una oggi coinvolge anche Carlo De Benedetti. D'Amico è stato patrono di parte civile nel donna che nel 2005 processo all'ex amministratore delegato del - morì di un mesotelio - IL TALCO l'azienda Ottorino Beltrami, relativo alla ma pleurico e che una La questione al vaglio dei giudici riguarda morte di una ex dipendente, che ha origina - sentenza della Corte l'esposizione dei lavoratori al talco.
    [Show full text]
  • Mondadori, È La Resa Dei Conti
    POLITICA INTERNA La «pax» Carlo Caracciolo ha convocato il consiglio per giovedì Pri il blitz De Benedetti annuncia battaglia con le azioni e gli avvocati capitalista Titoli sospesi, solo domani l'audizione delle parti alla Consob contrasta con «La Cir ha la maggioranza per un aumento di capitale» il libero mercato Walter Veltroni (Pei) contrattacca sulla vicenda Mondadon e definisce «irresponsabile» ta posizio­ ne dei partiti di governo che hanno impedito per 15 anni il varo di una legge antitrust Dura la posi­ Mondadori, è la resa dei conti zione del Pn contesta le versioni di Pei e Psi (la Mondadon è tornata alla famiglia) e dichiara as­ soluta ostilità alla conquista della casa editrice da parte della Fininvest Le reazioni dei sindacati Forse già a gennaio l'assemblea decisiva LucaFormenton §• ROMA. Portavoce della L organo del Pn nega ogni maggioranza cercano di ac fondamento alla versione se Giovedì prossimo il consiglio di amministrazione del pratica denunciando i molti I istituto che da sempre An ton dal consiglio hanno fatto certamente anche una assem D altra parte per questa setti ereditare ancora una sorta di condo la quale la Mondadon la Mondadori convocherà I assemblea ordinaria dei tentativi del presidente della dreotti utilizza come proprio automaticamente scattare la blea straordinaria per detibe mana gli equilibri azionari natalizia favola di Segrate il torna sotto il controllo della soci per la nomina di un nuovo vertice della società Olivetti di raggiungere da solo feudo personale norma prevista dal! articolo rare un
    [Show full text]
  • The War of Segrate
    UNIVERSITY OF SALERNO Humanities Studies Department Ph.D. in Italianistica La letteratura tra ambiti storico-geografici e interferenze disciplinari (curriculum History), XII Cycle - New Series Ph.D. thesis in Contemporary History ABSTRACT The War of Segrate The first clash between Berlusconi and «la Repubblica» Tutor Prof. Luca Polese Remaggi Ph.D. Candidate Vincenzo Alberto Gioia Coordinator Prof. Sebastiano Martelli Academic year 2012-2013 THE WAR OF SEGRATE ABSTRACT The fight between the biggest Italian entrepreneurs of the eight- ies, Silvio Berlusconi and Carlo De Benedetti, it's an exemplar vicissitude of the transition from the First to the Second Italian Republic. In fact in- to the War of Segrate, the financial and judiciary clash happened be- tween the 1984 and the 1991 for the control of the publishing house Mondadori, we find a lot of phenomena typical of the First Republic, from the ambiguous connections between the institutions, the mass me- dia and the political power to the difficult relationships between civil so- ciety and the leading class. At the same time, the War of Segrate has been one of the founding episodes of the Second Republic, characterized by the sunset of the mass party that emerged during the thirties and forties and from the birth of two anomalous parties: the enterprise-party of Berlusconi and the news- paper-party of «la Repubblica». Analyzing the crisis of the mass party, ethical power with thousands of members and a structure similar to the State’s one, we have recognized the necessity of spreading the spectrum of the Italian political history further the traditional history of the par- ties to deal with the study of the seventies, eighties and nineties of the twentieth century.
    [Show full text]
  • 'Public Policy
    TheJoan Shorenstein Barone Center PRESS. POLITICS 'PUBLICPOLICY. HarvardUniversitY JohnF. KennedySchool of Government IrurnonucrroN Sylvia Poggioli, who coversItaly and, in these Silvio Berlusconi.They're in it for money and turbulent times, central and eastem Europefor power, probably in that order. And they're National Public Radio, was a Fellow at the |oan getting both. ShorensteinBarone Center on the Press,Politics In the process,there are problems. Many and Public Policy for the fall semesterof the Italians, even some in government/ are con- 1990-1991academic year. Her researchfocused cernedthat too much power may come to rest in on pressconcentration in ltaly, but her story too few hands.One official report said: "Power of could apply with equal drama to other European inJormation could be replacedby power over countries,too. information." Poggioli'sresearch strongly Across the continent, the winds of change suggeststhat the concern is valid. Investigative have beenblowing with unprecedentedforce. reporting into businessesor interests controlled Totalitarian communism has collapsed.Ger- by the Big-Fourhas been curtailed. Some stories many has been reunited. Economic integration of are simply off-limits. western Europehovers on the near horizon. In The Big-Fouralso effectively control the "Soviet the easta new (Jnion" arisesagainst a advertisingmarket in Italy-up to 80-85% of it. backdropof tenifying uncertainty. Everywhere A new entrepreneurwishing to establish an the old political and economicsystems are being additional television network, or a new newspa- transformed.It is then no surprise that newspa- per, will find it difficult to crack the advertising pers,radio and television stations, magazines, market, and thereforenext to impossible to publishing houses-the whole, complicated challengethe existing constellation of press network of masscommunication, so intimately power.
    [Show full text]
  • The Twenty Years' War: Gruppo Espresso V. Silvio Berlusconi
    Dipartimento di Scienze Politiche Cattedra di Comparative History of Political Systems THE TWENTY YEARS’ WAR: GRUPPO ESPRESSO V. SILVIO BERLUSCONI RELATORE CANDIDATO Prof. Giovanni Orsina Carlotta Stigliano Matricola n. 624692 CORRELATORE Prof.ssa Christine Vodovar ANNO ACCADEMICO 2015/2016 Alla mia famiglia, che mi ha sempre spinta a fare anche quello che non volevo così da farmi comprendere che invece ci sarei riuscita. A L., che c’è dal lontano 1998 ed è sempre ad una telefonata di distanza. A S., per i ricordi sui banchi di scuola, e quelli che verranno. A E., che detesta le dichiarazioni mielose, e quindi se le merita tutte. A V., perché condividere una stanza a Sansom West è stato più di condividere una stanza e papers di Stiglitz. A tutti gli amici di Roma (sapete chi siete) perché altrimenti non sarei quella che sono, e ad A. in particolare per avermi sopportata ed aiutata in qualsiasi circostanza. Agli amici con cui ho studiato, riso, mangiato, bevuto, ballato, viaggiato, giocato a biliardino e inveito contro le aule computer, agli amici con cui sono cresciuta in cinque e più anni. E a N., perché sai farmi ridere sempre. 2 CONTENTS Introduction page 4 Chapter one: The Segrate War 6 1.1 The “Twenty Years’ War”: protagonists and beginnings 6 1.2 Lodo Mondadori and the 1988-1991 period 10 1.3 The end of the millennium: new judicial discoveries 12 1.4 The new millennium and the long travail of judicial trials 16 Chapter two: The war on paper 23 2.1 Introduction 23 2.2 The Duce archetype 24 2.3 Freedom of the press vs.
    [Show full text]
  • Carlo De Benedetti
    Carlo De Benedetti Carlo De Benedetti is the founder of CIR, which has become over the last 25 years one of the largest holding companies in Italy listed on the Milan Stock Exchange and employing more than 10 thousand people. He was Vice Chairman and Chief Executive Officer of CIR from 1976 to 1995, after which he has been appointed Executive Chairman of the Company. CIR is controlled by COFIDE-Compagnia Finanziaria De Benedetti, a listed company on the Milan Stock Exchange, of which Carlo De Benedetti is Chairman and the majority shareholder. The most important activities of the CIR-COFIDE Group are the following: ESPRESSO - It is CIR's most important investment and operates in the media sector, in publishing (daily newspapers and magazines), radio, digital television, in the collection of advertising and in the Internet sector. The parent company Gruppo Editoriale L'Espresso SpA publishes the national daily newspaper la Repubblica and the weekly magazine L'Espresso. Through its subsidiaries it also publishes 16 regional daily newspapers, broadcasts three national radio stations, operates in the Internet sector and collects advertising for the Group publications and also for some third-party publications. It is by far the most important publisher of daily newspapers in Italy with approximately 6 million readers per day. La Repubblica, together with Corriere della Sera, is the most important daily newspaper in the country. The Espresso Group employs 3 thousand people. SOGEFI - Founded 25 years ago and chaired by Carlo De Benedetti, SOGEFI, with an annual revenue of 1 billion Euro and 6,300 employees, is one of the largest international groups operating in the sector of automotive components.
    [Show full text]
  • News and Events
    Bulletin of Italian Politics Vol. 1, No. 1, 2009, 387-400 News and Events Italian Politics between Reforms and Revival: The 2009 CONGRIPS Panel at APSA The Annual Meeting of the American Political Science Association (APSA) held in Toronto from 3 to 6 September 2009 featured a panel – the only one of the conference specifically dedicated to Italian politics – organised by Maurizio Carbone for the Conference Group on Italian Politics and Society (CONGRIPS). Chaired by Filippo Sabetti (McGill University) with Richard Katz (Johns Hopkins University) acting as the discussant, the panel provided a platform for four prominent scholars to offer to an attentive and inquisitive audience a balanced but vibrant set of analyses focused on change and continuity in contemporary Italian politics. Sergio Fabbrini (University of Trento) presented a paper – published in the first issue of the Bulletin of Italian Politics – aimed at analysing the transition of the Italian political system since the beginning of the Second Republic from a consensus to a competitive democracy. Building on Lijphart’s typology, Fabbrini observed that from 1948 to 1993 consociational practices in the legislature had been a characteristic feature of Italian politics, one that resulted in a lack of alternation in power between competing political forces, little sense of individual responsibility and lax attitudes toward corruption. In the First Republic, the proportional electoral system, the dispersal of power within the parliamentary system among many parties, and the limited decision-making power of the executive, created the institutional conditions for a democracy operating according to a consensual logic. This underpinned a system of interest representation that was neither neo-corporatist nor pluralist, but rather fragmented along the lines of ideologies embodied in parties that had almost exclusive power to distribute public resources.
    [Show full text]
  • GEDI Gruppo Editoriale
    Gruppo Editoriale GEDI GEDI Gruppo Editoriale Società per azioni Relazione sul Governo Societario e gli assetti proprietari ai sensi dell'art. 123 bis TUF esercizio 2017 Relazione finanziaria semestrale al 30 giugno 2017 GEDI Gruppo Editoriale Società per azioni Relazione sul Governo Societario e gli assetti proprietari ai sensi dell'art. 123 bis TUF esercizio 2017 Denominazione Sociale GEDI Gruppo Editoriale Società per Azioni Capitale Sociale Euro 76.303.571,85 Codice fiscale e Iscrizione Registro Imprese di Roma n. 00488680588 Partita IVA n. 00906801006 Sede Sociale Roma, Via Cristoforo Colombo, 90 Sede Secondaria Roma, Via Cristoforo Colombo, 90 Il Consiglio di Amministrazione: Presidente onorario Carlo De Benedetti Presidente Marco De Benedetti Amministratore delegato Monica Mondardini Consiglieri Massimo Belcredi Agar Brugiavini Elena Ciallie Alberto Clò Rodolfo De Benedetti Francesco Dini John Elkann Silvia Merlo Elisabetta Oliveri Luca Paravicini Crespi Carlo Perrone Michael Zaoui Il Collegio Sindacale: Presidente Stefania Mancino Sindaci Effettivi Pietro Manzonetto Marina Scandurra I Revisori Contabili KPMG SpA Relazione sul Governo Societario e gli assetti proprietari ai sensi dell’articolo 123 bis TUF Relazione sul Governo Societario e gli assetti proprietari | GEDI Gruppo Editoriale | SOMMARIO GLOSSARIO .................................................................................................................................. 4 PREMESSA ..................................................................................................................................
    [Show full text]
  • Italy's Craxi Opens the Way for Communist Party Role in Government
    Click here for Full Issue of EIR Volume 11, Number 31, August 14, 1984 Italy's Craxi opens the way for Communist role in government by Vivian Freyre Zoakos The doors of the Italian government have been, for the first tional displays at the funeral of Enrico Berlinguer, theCom­ time since 1948, flung open to the Communists and, through munist chief who diedunexpectedly just prior to the balloting. them, to Moscow. The day after the votes were in, De Mita made everything In the most narrow terms, some might be tempted to see explicit by announcing loudly on the front pages of the press this as the logical result of the June 17 European Parliament that henceforward only two conceivable forms of govern­ elections, in which the Italian Communist Party for.the first ment coalitions could exist in Italy: one based on either the time (narrowly) outpolled all other parties, while Prime Min­ Christian Democrats or the Communists. The deal was on. ister Bettino Craxi's Socialists suffered a heavy defeat. But the truth of the matter is that those election results were contrived. They were then cynically used to push through a "Thosefactions among the parties policy which had been prepared beforehand. The public "permission" from the United States for some traditionally and still today form of alliance with the Communists was given, almost committed to a pro-American predictably, by Henry Kissinger, who was touring Europe in policy have,literally,found the post-election period. It was appropriate that Kissinger was the one to give this okay, given his role as preeminent themselves left out in the cold by spokesman for a decoupling of Western Europe from the the United States,and all their United States.
    [Show full text]
  • The Cambridge Companion to Modern Italian Culture
    The Cambridge Companion to Modern Italian Culture This book provides a comprehensive account of the culture of modern Italy.Specially commissioned essays by leading specialists focus on a wide range of political, historical and cultural questions. The volume provides information and analysis on such topics as regionalism, the growth of a national language, social and political cultures, the role of intellectuals, the Church, the left, Feminism, the separatist movements, organized crime, literature, art, design, fashion, the mass media and music. While offering a thorough history of Italian cultural movements, political trends and literary texts over the last century and a half, the volume also examines the cultural and political situation in Italy today and suggests possible future directions in which the country might move. Each essay contains suggestions for further reading on the topics covered. The Cambridge Companion to Modern Italian Culture is an invaluable source of materials for courses on all aspects of modern Italy. Zygmunt Guido Baran´ ski isProfessor of Italian Studies at the University of Reading. He has published extensively on Dante, medieval poetics, modern Italian literature and culture, post-war Italian cinema and literary theory.He is the editor of the interdisciplinary journal The Italianist and co-editor, with Professor Laura Lepschy,of the book series ‘Italian Perspectives’ (Northern Universities Press). Rebecca J. West isProfessor of Italian and Cinema/Media Studies in the Department of Romance Languages and Literatures at the University of Chicago. She is the author of Eugenio Montale: Poet on the Edge, which won the Howard Marraro Prize in 1982, and of Gianni Celati: The Craft of Everyday Storytelling, winner of the Scaglione Publication Prize in 1999.
    [Show full text]
  • Who Wants to Make Carli Premier of Italy?
    Click here for Full Issue of EIR Volume 10, Number 24, June 21, 1983 finn ," and put under "receivership. " "Every Italian family owes 20 million liras of debts and they don't know it," De Benedetti said recently, stressing that either the "receivership" program will be accepted or there will be an immediate danger for the Italian democratic institutions. The threat is very clear: either you accept our coup, or we will organize a more traditional one. Both Vi­ sentini and De Benedetti have said that it is necessary to limit the sovereignty of the Parliament so that political parties and Who wants to make parliamentarians do not decide on financial and economic issues that must be handed to "technicians." Carli premier of Italy? "There are precise means to reduce the interests of the parties in occupying positions of power in the economic system," stated Carli to La Repubblica on June 3. "For ex­ by Umberto Pascali ample, one could create a new juridical system able to limit certain officials' discretionary powers." The first economic With only three weeks to go before the June 26 general proposals presented by Carli are a one-year wage freeze and elections in Italy, Bettino Craxi, the secretary of the Italian a special tax on all capital. Or as Visentini said: "We must Socialist Party (PSI) understands that his short-tenn chances tax any income, including that of the owner of a single at becoming premier are decreasing. A new star is rising in chicken." the sky of the Italian traitors: the star of fonner Bank of Italy The apparent fight going on now between Carli and De governor Guido Carli.
    [Show full text]
  • Intervista Con Carlo De Benedetti Di Mariantonietta Colimberti E Gianmarco Trevisi
    Il potere è un ’astrazione. Conta l ’uso che se ne fa Intervista con Carlo De Benedetti di Mariantonietta Colimberti e Gianmarco Trevisi Carlo De Benedetti oggi fa soltanto l’editore, avendo lasciato nel 2009 tutte le cariche operative all’interno del Gruppo Cir. Dagli uffici di via Cristoforo Colombo a Roma – sede dell’Editoriale L’Espresso – continua a seguire con attenzione e partecipazione le vicende politiche ed economiche italiane e internazionali. A 76 anni non ha abbandonato l’altra sua grande passione, i viaggi. Ha girato il mondo e continua a farlo, guarda al futuro perché, come dice in questa intervista, non ha mai voluto vivere da ex. All’imprenditore di lungo corso che molti ritengono a capo di un “giornale-partito”, «la Repubblica», abbiamo chiesto di raccontarci che cos’è il potere. Ingegner De Benedetti, che cos’è il potere? aver mai esercitato un potere. Ho un potere percepito, indiretto, che deriva dalla natura della mia attività Credo innanzitutto che si debba distinguere tra editoriale, alla quale la gente ricollega un potere che in potere percepito e potere esercitato. Il potere è un realtà il mio Gruppo non ha. Per esempio, nel Pd concetto e come tale, nella mia visione, è più “soft” alcuni sono convinti che la linea del partito la detti che “hard” e dipende molto da come viene percepito, Repubblica: se fosse così sarebbe una indicazione di da come viene usato e da come è stato raggiunto. La grave carenza di autonoma leadership del Pd e la prima distinzione è tra la percezione e la realtà.
    [Show full text]