- Category : Industrialist
- Type : MGE
- Profile : 5/1 - Heretical / Investigator
- Definition : Triple Split
- Incarnation Cross : LAX Informing 1
Giovanni Agnelli (12 March 1921 – 24 January 2003), better known as Gianni Agnelli, was an Italian industrialist and principal shareholder of Fiat. As the head of Fiat, he controlled 4.4% of Italy's GDP, 3.1% of its industrial workforce, and 16.5% of its industrial investment in research. He was the richest man in modern Italian history.
As a public figure, Agnelli was also known worldwide for his impeccable, slightly eccentric fashion sense, which has influenced both Italian and international men’s fashion.
Agnelli was awarded the decoration Knight Grand Cross of the Order of Merit of the Italian Republic in 1967 and the title Knight of Labour (Cavaliere del lavoro) in 1977. Following his death in 2003, control of the firm was gradually passed to his grandson and chosen heir, John Elkann.
Agnelli was born in Turin but he maintained a strong ties with the village of Villar Perosa, near Turin in the Piedmont region. His father was the prominent Italian industrialist Edoardo Agnelli and his mother was Virginia Bourbon del Monte, daughter of Carlo, 4th Principe di San Faustino, head of a noble family established in Perugia (no kin to the House of Bourbon). Agnelli was named after his grandfather Giovanni Agnelli, the founder of the Italian car industry Fiat. His maternal grandmother was American.
Gianni—as he was known to differentiate from his grandfather, with whom he shared his first name—inherited the command of Fiat and the Agnelli family assets in general in 1966, following a period in which Fiat was temporarily "ruled" by Vittorio Valletta while Gianni was learning how his family's company worked. Agnelli raised Fiat to become the most important company in Italy, and one of the major car-builders of Europe. He also developed the accessory business, with minor companies also operating in military industry. Agnelli and Fiat would come to share a common vision, Agnelli meaning Fiat and, more sensibly, Fiat meaning Agnelli.
Agnelli was educated at Pinerolo Cavalry Academy, and studied law at the University of Turin, although he never practiced law. He joined a tank regiment in June 1940 when Italy entered World War II. He fought at the Russian front, being wounded twice. He also served in a Fiat-built armoured-car division to North Africa, where he was shot in the arm by a German officer during a bar fight over a woman. After Italy surrendered, due to his fluency in English, he became a liaison officer with the occupying US troops. His grandfather, who had manufactured vehicles for the Axis during the war, was forced to retire from Fiat but named Valletta to be his successor. Gianni's grandfather died, leaving Gianni head of the family but Valletta running the company. Fiat then began producing Italy's first inexpensive mass-produced car.
Prior to his marriage on 19 November 1953 to Donna Marella Caracciolo dei principi di Castagneto — a half-American, half-Neapolitan noblewoman who made a small but significant name as a fabric designer, and a bigger name as a tastemaker — Agnelli was a noted playboy whose mistresses included the socialite Pamela Harriman. Though Agnelli continued to be involved with other women during his marriage, including the film star Anita Ekberg and the American fashion designer Jackie Rogers, the Agnellis remained married until his death of prostate cancer in 2003. He was universally considered to be a man of exquisite taste. He left his extraordinary paintings to the city of Turin in 2002.
Their only son, Edoardo Agnelli, was born seven months after the couple's wedding, in New York City on 9 June 1954. Gianni gave up trying to groom him to take over Fiat, seeing how the boy was more interested in mysticism than making cars (he studied religion at Princeton and took part in a world day of prayer in Assisi). Edoardo — who seemed burdened by the mantle of his surname — committed suicide on 15 November 2000 by jumping off a bridge in Turin; Gianni himself joined police at the scene. Edoardo never married, but he had one son (born out of wedlock in 1973), who was not recognized by Gianni Agnelli.
Head of Fiat
Agnelli became president of Fiat in 1966. He opened factories in many places, including Russia (at the time the Soviet Union) and South America, and started international alliances and joint-ventures (like Iveco), which marked a new industrial mentality. In the 1970s, during the international petrol crisis, he sold part of the company to Lafico, a Libyan company owned by Colonel Qaddhafi; Agnelli would later repurchase these shares, however.
His relationships with the Left, especially with Enrico Berlinguer's Communist Party, were the essence of the relationships between labour forces and Italian industry. The social conflicts related to Fiat's policies (some say politics) always saw Agnelli keeping the leading role; in the 1980s, during the last important trade union action, a dramatic situation in which a strike was blocking all of Fiat's production, he was able to organise the march of 40,000 workers who broke the pickets and re-entered the factories. This marked the demise of the power of trade unions, which to this day have not recovered their influence on Italy's politics and economy. In the 1970s, Fiat and its leaders were attacked, mostly by the Red Brigades, Prima Linea and NAP. Several people working for the group were killed, and trade unions were initially suspected of hiding some of the attackers in their organizations, though the same terrorists later targeted trade unionists like Guido Rossa.
Agnelli was named senator for life in 1991 and subscribed to the independent parliamentary group; he was later named a member of the senate's defence commission.
In the early 2000s, Agnelli made overtures to General Motors resulting in an agreement under which General Motors progressively became involved in Fiat. The recent serious crisis of Fiat found Agnelli already fighting against cancer, and he could take little part in these events.
Agnelli was also closely connected with Juventus, the most renowned Italian football club, of which he was a fan and the direct owner. His phone calls, every morning at 6 am, from wherever he was, whatever was he doing, to the club's president Giampiero Boniperti, were legendary.
Nicknamed L'Avvocato ( the lawyer ) because he had a degree in law (though he was never admitted to the Order of Lawyers), Agnelli was the most important figure in Italian economy, the symbol of capitalism throughout the second half of 20th century, and regarded by many as the true "King of Italy". A cultivated man of keen intelligence and a peculiar sense of humour, he was perhaps the most famous Italian abroad, forming deep relationships with international bankers and politicians, largely through the Bilderberg Group, whose conferences he attended regularly since 1958. Some of the other Bilderberg regulars became close friends, among them Henry Kissinger. Another longtime associate was David Rockefeller (yet another Bilderberg regular), who appointed him to the International Advisory Committee (IAC) of Chase Manhattan Bank, of which Rockefeller was chairman; Agnelli sat on this committee for thirty years. He was also a member of a syndicate with Rockefeller that for a time in the 1980s owned Rockefeller Center.
His many detractors point out that in all his activity, Agnelli mainly served his family's interests, without regard for the damage this might cause to the nation. Fiat, in this view, persuaded the Italian government to adjust labour and tax laws according to the company's interests. Also, Agnelli was seen as continuing to enrich himself while Italy was getting poorer. Agnelli never responded to these accusations.
He was, however, never personally involved in the many political scandals of the Bettino Craxi government era, even if Cesare Romiti, Agnelli's most trusted administrator for some 25 years, publicly admitted to bribery in 1994. Number 3 in Fiat's hierarchy, Mattioli was imprisoned for bribery like Papi, leader of the Fiat-controlled Cogefar company. At the time, investigations were started after suspicions of special relationships with Salvo Lima, a Sicilian DC MP, who was alleged to have an association with the Mafia (though Lima himself was not actually a mafioso).
Later life and death
Agnelli stepped down in 1996, but stayed on as honorary chairman until his death. Giovanni Alberto Agnelli, the son of Gianni's younger brother, Umberto Agnelli, died of a rare form of cancer in 1997 at age 33 while he was being groomed by his uncle to head the Fiat Group. John Elkann, the son of Gianni and Marella's daughter, Margherita, was expected to take over Fiat after Gianni's death. However, Umberto became chairman, taking over from Paolo Fresco. Fresco had diversified the Group's holdings, but Umberto refocused its activities on its auto and mechanics division. He then brought in Giuseppe Morchio to mastermind a rescue strategy for the company. Morchio was expected to continue to run the Fiat Group as it attempted to claw its way out of its latest financial crisis. However, upon Umberto's death, Ferrari chairman Luca Cordero di Montezemolo was named chairman, with Elkann as vice chairman; Morchio immediately offered his resignation. As his successor was named Sergio Marchionne, an expert of reorganisation, who led between 2002 and 2004 the Swiss certification company, Societé Générale de Surveillance (SGS).
Gianni Agnelli died in 2003 of prostate cancer at age 81 in Turin.
Fiat-owned Scuderia Ferrari named their 2003 F1 contender the F2003-GA, in tribute to Agnelli.
Agnelli’s fashion sense stood out, even in a country like Italy, where dressing well and fashionably is generally perceived as very important. His style has inspired and influenced menswear throughout the years in Italy and around the world. In his retirement speech, Milanese fashion designer Nino Cerruti named Agnelli as one of his biggest inspirations among James Bond and John F. Kennedy. Esquire Magazine named Agnelli as one of five best dressed men in the history of the World.
Agnelli’s dress style was a combination of a foundation of classic suits, combined with eye-catching personal tricks. He had a large number of bespoke Caraceni suits, which were of very high quality and classic design, and yet had the signature Italian bravura. It was the accessories and the way they were worn that made Agnelli stand out as a fashionisto. He is known for wearing his wristwatch over his cuff, wearing his tie askew or wearing (fashionable) high brown hiking boots under a bespoke suit. All these tricks were carefully chosen in order to convey sprezzatura, the Italian art of making the difficult look easy. His outfits were scrupulously chosen to the last detail, yet the accessory choices appeared as errors, making it look as if he did not care or make an effort about the way he was dressed.
Apart from his dress sense, Agnelli’s homes were work of designers and looked like studies in elegant living. Additionally, he was interested in sailing, fast cars, Cresta tobogganing, skiing and horses. His grandsons and heirs to Fiat, John and Lapo Elkann, seem to have adopted their grandfather’s tradition of dressing, as they are both often observed dressed classically and flamboyantly at high-society venues.
Agnelli's nickname of "The Rake of the Riviera", inspired the classical menswear magazine The Rake.