Now, Italy Inc. Must Follow The Rules

Enrico Cuccia, the 88-year-old honorary chairman of Mediobanca, will surely go down in history as one of the great financiers of postwar Europe--as towering a figure as his late friend Andre Meyer, the legendary chief of Lazard Freres. Cuccia's accomplishment was to protect a small group of Northern Italian industrial dynasties, such as the Agnelli and Pirelli families, that flourished in one of the most inhospitable business climates in the West. For four decades, after all, Italy's Communist Party was the largest outside the Soviet bloc.

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