” I look favorably upon it the decision to stem the overwhelming power of Generali’s managers by some shareholders”. The economist Giulio Sapelli, explains it to time.news, regarding the pact between the shareholders Caltagirone and Del Vecchio. ” There are two moments, one negative and one positive – explains Sapelli – in share power relations, which are positive for alliances, which according to the rules the majorities must face each other in the assembly. But this informal power is talked about cheerfully even if it is a listed company ”.
” It seems to me that an offensive is underway by the industrial partners who want to reduce the information asymmetries that the top managers year with respect to the shareholders – adds Sapelli-. Decreasing the power of the manager is an ongoing process all over the world. I welcome the overwhelming power of managers on the part of shareholders. Of course Mediobanca exercises its excessive power, the lower its prestige the more it increases its power. Donnet did well, but more innovation is needed. ”