Tronchetti Loss leader

Marco Tronchetti Provera should quit Pirelli. The Italian industrialist has already resigned as Telecom Italia’s boss. But that was because of a fight with the country’s government. The reason for quitting Pirelli, one of the companies through which he exercises partial control over TI, is financial not political. Tronchetti attempted to reassure investors yesterday that Pirelli was healthy: there was no need for a capital increase; meanwhile, Pirelli was the victim of the wire-tap scandal that ...