BUSINESS ABROAD: Thinker from Ivrea

In Turin's palatial Hotel Principi di Piemonte, a short, stocky man in a rum pled suit analyzed Italy's current and long-range troubles. "The real problem," he said, "lies in the decadence of the ruling class — both in politics and business . . . This class no longer has the energy or the intelligence to cope with the situation." The speaker was Adriano Olivetti, boss of Italy's big Olivetti company, makers of everything from typewriters to machine tools, with a worldwide business of more than $30 million a year.

At 53, Adriano Olivetti is one of Italy's most successful...

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