A Power Play in Italian Finance

How maneuverings by Mediobanca resulted in the ouster of insurance giant Assicurazioni Generali's chairman

Machiavelli himself couldn't have staged a more artful coup. At Italian insurance giant Assicurazioni Generali's annual meeting on Apr. 28, Alfonso Desiata was ousted from the chairmanship after running afoul of secretive and powerful Milan-headquartered investment bank Mediobanca, the largest shareholder, with a 14% stake.

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