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In 2015, China National Chemical Corp. Ltd. took controlling interest of Pirelli; with the Chinese state-owned company agreeing to maintain the tyre company's ownership structure until 2023. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008 ...
In addition, the employees' stake must give employees a meaningful voice in the company's affairs by it underpinning organisational structures that promote employee engagement in the company. [ 10 ] Employee ownership can be seen as a business model in its own right, in contrast to employee share ownership which may only provide selected ...
He was the chief executive officer of Pirelli & Co. S.p.A. from 1992 [1] to 2022 [2] and its executive vice chairman since October 20, 2015. He is the chairman of Marco Tronchetti, Provera & C. S.p.A., a holding that he controls and which indirectly holds 50% of Camfin S.p.A. (where he was Chairman until December 2013).
After restructuring the organisation of the group's internal activities, the company decided to sell down its investment in the cable market. The figure negotiated was EUR 1.3 billion: Goldman Sachs gave Pirelli 225 million and the rest (more than one billion) was a debt that would be paid off the back of the new business. [10]
Steward-ownership is a corporate ownership structure that prioritizes the long-term independence [14] and purpose of a company. [15] While the legal implementation may vary, all steward-owned companies make a legally binding commitment to two core principles: [9] [16] self-governance and purpose-driven profit allocation.
Enterprises with over 500 employees must have one-third representation on a supervisory board. 50%: 2000: Enterprises with over 2000 employees must have one-half representation on a supervisory board, but the chair of the supervisory board is a shareholder representative and has a casting vote. In coal and steel companies shareholder ...
The term shareholder value, sometimes abbreviated to SV, [1] can be used to refer to: . The market capitalization of a company;; The concept that the primary goal for a company is to increase the wealth of its shareholders (owners) by paying dividends and/or causing the stock price to increase (i.e. the Friedman doctrine introduced in 1970);
His tyre company Pirelli have also been the main shirt sponsor of neighbouring club Inter Milan for 27 years since the 1995–96 season up until the 2021–22 season, when the club signed a partnership with fan engagement platform Socios.com.