Definition
Umberto Agnelli was an Italian industrialist and politician. He was the third son of Virginia Agnelli and of Edoardo Agnelli, and the youngest brother of Gianni Agnelli.
Umberto Agnelli
What is ‘Umberto Agnelli’
A former chairman and CEO of Italian automaker Fiat and formerly one of the wealthiest men in Italy. Fiat, which stands for “Fabbrica Italiana Automobili Torino,” means Italian Automobile Factory of Turin. The company, founded in 1899, had long been the Agnellis’ family business, and Umberto Agnelli’s death, which came shortly after his older brother Gianni’s death, marked the first time the company’s board did not have a senior Agnelli among its members.
Explaining ‘Umberto Agnelli’
During Agnelli’s short term as chairman (a post he only attained in 2003, the year before his death) he began to turn the then-failing company around. Fiat is the largest automobile manufacturer in Italy and one of the largest in the world, with about half of the company’s operations located abroad. Agnelli was born in 1934 and died in 2004 at age 69.
Further Reading
- Italian Motor Industry in its World-Wide Outlook – journals.sagepub.com [PDF]
- Political problems affecting the auto industry – www.inderscienceonline.com [PDF]
- FIAT'S LAST STAND The Agnellis are hanging in-and the'relaunch'is gearing up – elibrary.ru [PDF]
- … Company (1946–1975)', Performance Measurement and Management Control: Contemporary Issues (Studies in Managerial and Financial Accounting, Volume 31) – www.emerald.com [PDF]
- Transnational corporate ties: a synopsis of theories and empirical findings – jwsr.pitt.edu [PDF]
- The financial mafia: The illegal accumulation of wealth and the financial-industrial complex – link.springer.com [PDF]
- Financial fair play in European club football-what is it all about? – papers.ssrn.com [PDF]
- KEY STRATEGIC DECISIONS THAT GOVERN TRANS-GENERATIONAL FAMILY BUSINESS CONTINUITY: THE CASE OF EXOR-FIAT – www.ingentaconnect.com [PDF]
