Do You Know Who You're Working For?
Who runs your company? Forbes Magazine hints that Parmalat, the Italian mega-dairy, was funded by the mafia and that it went bankrupt when the guys wanted their money back.
Parmalat got its first break when Italy began to privatize public companies in the early 1980s. As in Russia, mysteriously well-funded entrepreneurs were able to buy good businesses in a less-than-open process.
Parmalat bought seven municipal dairies and then, somehow, found the financing to expand into major holdings in ten countries.