Reactions are pouring in across Italy and globally to the death on Monday of scandal-tainted media mogul and politician Silvio Berlusconi that marks the end of an Italian era and raises questions a…
that marks the end of an Italian era and raises questions about the future of his empire which spans from TV, advertising, and sports to real estate and insurance.
As former Italian prime minister Matteo Renzi, a political rival and leader of Italy’s centrist Italia Viva party put it: “made the history of this country. Many loved him, many hated him: everyone must recognize that his impact on our political life, as well as on its economic, sports and television spheres, was unprecedented. Today Italy mourns together with his family, his loved ones, his party.
Though it’s a bit early to speculate about the uncertain future of Berlusconi’s business empire – and the late mogul has not publicly given indications on his succession – it’s likely that at least in the immediate aftermath of his death, Berlusconi’s eldest child Marina Berlusconi will remain president of the Berlusconi’s Fininvest holding company, which has revenues of more than €5 billion and more than 20,0000 employees. While, his oldest child, will continue to run MediaForEurope as its CEO.
This scenario could also involve a top management shakeup with the Berlusconi family still retaining ownership control.
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