Sir,
Whether the departure of Benetton executives was voluntary or the decision of the family, it is surely past time for the family to take a closer look at the future of those geniuses who took the decision of investing in Telecom Italia, through the Olimpia holding company.
That was a dud valuation from the start. Someone forgot to put batteries in their calculator.
Onésimo Alvarez-Moro
See article:
Benetton's chief executive and chief financial officer both quit yesterday as the Italian clothing group looks to move on from a large corporate restructuring and to expand in foreign markets.
The textile group, still two-thirds owned by its founding family, has been cutting costs successfully in recent years but financial performance has been patchy.
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