Death Before Disgrace

The fast life and lonely suicide of Raul Gardini illuminate the fatal reach of Italy's vast corruption scandal

If the winds of fortune blow kindly, Raul Gardini will be remembered as a shining symbol of his age, a captain of industry and a world-class sailor who piloted both his companies and his million-dollar yachts with joyous abandon. He worked hard for 60 years to cultivate that image, in a land where myths ripen richly and image often counts more than fact.

In these days of reckoning, however, it is more likely that he will be remembered by cartoon depictions of him wearing a pirate's black eye patch. Though he reigned as one of Italy's premier financial magicians during the...

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