Generali, Pellicioli rejects Caltagirone’s plan: “Alarming should his list win”
A frontal attack by a historically shrewd and discreet manager: Lorenzo Pelliciolimanaging director of DeAgostini group until June of this year, it launches against the plan Francesco Gaetano Caltagirone – “Awakening the lion” – for the new course of General.
“A win on the list proposed by Caltagirone it would be alarming “- said a Bloomberg the manager of the Novara company – because the Roman manufacturer, one of the most liquid entrepreneurs in Italy, “has proposed an unclear strategy which, given its vague terms, risks leaving investors uncertain about the future of the company”.
In particular, under the magnifying glass of Pellicioli it’s over there “Slimming treatment” proposed by Caltagirone which should lead to € 600 million in savings per year. A remarkable figure even on a powerful budget like that of General. Numbers that had already alarmed the unions, ready to do anything to avoid personal scissors in Trieste.
Obviously, Pelliciolialways in great harmony with Alberto Nagel And Mediobanca, showed appreciation for the work of the outgoing CEO Philippe Donnetinstead ended up in the crosshairs of Caltagirone, Of the Old Man and of Crt foundation. Second Pellicioli, the French manager “has implemented every single plan he has announced. Under his mandate General has expanded into more profitable products, has cut the debtimproved creditworthiness, distributed dividends and, last but not least, delivered a strategy BUT very solid and realistic “.
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