Arnoldo Mondadori Editore

Arnoldo Mondadori Editore

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Arnoldo Mondadori Editore

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Description:
Arnoldo Mondadori Editore (), () is the biggest publishing company in Italy.

History

Founded by the 18-year-old Arnoldo Mondadori in 1907 to publish the magazine titled Luce!, it soon became an important publisher. Its headquarters are in Milan.

It is controlled by Fininvest, Silvio Berlusconi's family holding company. Marina Berlusconi is the chairman.

Mondadori Award

Between 1989 and 1991, there has been a financial conflict between Silvio Berlusconi and Carlo De Benedetti, two of the largest employers of those years.

In 1988 Berlusconi bought Leonardo Mondadori's (nephew of Arnoldo Mondadori) shares. Mondadori was then owned by three: Berlusconi's Fininvest, Carlo De Benedetti's CIR and the Formenton family (Arnoldo Mondadori's heir).Carlo De Benedetti convinced the Formentons to conclude an agreement that would bring him to obtain the Formenton's shares by 30 January 1991, but in November 1989 the Formenton family sided on Berlusconi's side, allowing him to become the new Mondadori president on 25 January 1990; De Benedetti then protested, claiming its agreement.The three sides took the unanimous decision of an arbitrary award to solve the conflict.

The Arbitrary Award

On 20 June 1990 was the first verdict: the agreement between De Benedetti and Formenton was considered still valid; as a...
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