Carlo's formula: Olivetti

Article Abstract:

Olivetti's Carlo de Benedetti resents the German Bundesbank policy of keeping high interest rates, claiming they want foreign investors to finance German reunification. With the price of personal computers plummeting, he is cutting costs at Olivetti by promoting customer services and reducing manufacturing.

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Olivetti self-destructs

Article Abstract:

Italy's Olivetti e Compagnia SpA, once one of the country's best-run industrial firms, is undergoing a period of high-level instability that is harming the company's stock price. CEO Francesco Caio and Chmn Carlo De Benedetti have left their posts, due in part to actions by shareholders.

Computer and Office Equipment, Office & Computing Machines, Editorial, Office equipment, Computer industry, Appointments, resignations and dismissals, Investor relations

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Carlo goes to confession: Olivetti and bribes

Article Abstract:

De Benedetti confessed that he participated in bribes that were meant to win Olivetti more contracts, such as the deal with Italy's Ministry of Posts and Telecommunications. De Benedetti claims that he was driven by the scarcity of contracts.

Cases, Bribery

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