Carlo de benedetti biography examples

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The parent company (Gruppo Editoriale L'Espresso SpA) publishes the national daily newspaper La Repubblica and the weekly L'Espresso. In 1943, during the World War II, the De Benedetti family fled to Switzerland. He was named Cavaliere del Lavoro in 1983 and an officer of the Legion of Honor in 1987. He helped improve company profits consistently and in 1972 acquired the Gilardini company, of which he became president and CEO until 1976.
Carlo De Benedetti left Italy to return to Switzerland in 1975, owing to possible terrorist threats during the Anni di Piombo period of Italian domestic terrorism.

For a brief period, from 4 May to 25 August 1976, he was appointed CEO of FIAT.

In 1995, Silvio Berlusconi, Cesare Previti and Attilio Pacifico were accused of having bribed Filippo Verde and Renato Squillante to fix the trial against De Benedetti. He has been called a "foe of Berlusconi" by the Wall Street Journal.

In October 2005, De Benedetti reportedly offered Benjamin Netanyahu, then the Finance Minister of Israel, the position of Italian finance minister, which Netanyahu declined.

All the executive positions in the CIR group were given to the current Chief Executive, Rodolfo De Benedetti.

In 1985, Romano Prodi, then president of the state-owned IRI (Institute for Industrial Reconstruction), tried to sell the IRI share in SME (a former state-owned agency, later turned food industry conglomerate) to De Benedetti, who was then president of Buitoni (a food industry belonging to the CIR group), for 497 billion Italian lira.

Benedetti was sentenced to six years and four months in prison, but the sentence was overturned in April 1998, by the Court of Cassation.

Carlo De Benedetti has often been identified with Italian centre left politics. He also received a Laurea degree in 1986. since 1983.

Vice-Chair, and Chief Executive Officer Compagnia Finanziaria De Benedetti (Cofide) since 1985.

Council for United States of America and Italy.

Membership

Institute Council, Morgan Guaranty Trust since 1980.

His resignation from Fiat was caused, according to De Benedetti, by his decision to lay off 65,000 workers, which was refused by Fiat head Gianni Agnelli; other sources say that he was suspected of trying to build up a takeover of power within the company, with the backing Swiss financial groups.

In November 1976, De Benedetti acquired the CIR Group, thereby also obtaining control of the national newspaper La Repubblica and the newsmagazine L'Espresso.

On April 19, 2005, Rodolfo De Benedetti took over as chairman and Carlo de Benedetti was appointed as honorary chairman.

In 1995, he founded Omnitel, the second European mobile phone company and the largest value creation in Italy after World War II, and Infostrada, the second largest fixed-line operator in Italy.

In December 1998, in memory of his father, he founded the Rodolfo De Benedetti Foundation, of which he is president.

After Carlo returned to Italy, he received a degree in electrical engineering from the Polytechnic University of Turin and in 1959 began to work in his father's manufacturing business, the Compagnia Italiana Tubi Metallici Flessibili. Through its subsidiaries, it also publishes 16 local newspapers, three national radio broadcasters, has a significant presence in the Internet sector and collects advertising for the Group's publications, as well as for some third-party publishers.

Other offers for SME included most notably one for a joint venture with Fininvest, a media group owned by entrepreneur and former Italian prime minister Silvio Berlusconi.