Lean, Mean And State Owned Italian Companies

The largest public companies turn into savvy global players

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.