He has consistently supported Mr Marchionne in his efforts to transform Fiat's subscale car business.
ECONOMIST: A plan for Fiat and Chrysler
In Europe's "subscale" environment, low seven-figure exits are praised as successes.
WSJ: Ben Rooney: Should European Startups Change Funding Programs?
Most universal banks with subscale investment-banking arms will neither find buyers (given the current slump in earnings) nor will they be able to wind down these businesses without incurring big losses.
ECONOMIST: Universal banking
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