Lean, Mean And State Owned Italian Companies
It's a lament heard all over the Continent. While private companies rise to the challenges of the global market, cutting costs and revamping strategy, state-owned dinosaurs remain mired in inefficiency and red ink. But there's one surprising exception: Italy. Thanks to a new generation of hard-driving executives who have carte blanche from Rome to get things done, Italy's Big Three public-sector companies--STET, ENI, and Enel--are slimming down and doing some of Europe's most innovative cross-border deals.
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