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Did a little investigating. Seems like a lot of sound and fury, but not a lot of substance:

In May 1993 Mr Prodi became chairman of IRI once again, with a mandate to privatise chunks of it. He inherited a plan to sell SME in three divisions. In October 1993, Mr Prodi sold SME’s food-production arm, Cirio-Bertolli-De Rica (CBD), to Fis.Vi, an agricultural consortium. A clause in Fis.Vi’s purchase contract with IRI allowed Fis.Vi to sell Bertolli, the edible oils business, to Unilever, which Fis.Vi soon did. Goldman Sachs advised Unilever, for whom Mr Prodi had served as an international advisory director from 1990 to May 1993. In October 1993 Mr Prodi also sold Italgel, SME’s ice-cream division, to Nestlé.

Mr Prodi left IRI in April 1994, entered politics in 1995 and served as Italy’s prime minister in 1996-98. The privatisation of SME finished in 1996, and raised a total of 2.05 trillion lire. The last bits to be sold were GS Supermercati and Autogrill.

Before long, there were allegations that if the companies comprising CBD had been sold separately, IRI would have received a better price. As a result, magistrates investigated the sale and Mr Prodi’s role in it. In December 1997 a judge at a preliminary hearing concluded that no charges should be brought as “the facts alleged are non-existent”. He also stated that IRI had not suffered a loss and neither had Fis.Vi made a profit, and that if CBD had been sold piecemeal, IRI would have got less.

There were similar allegations over the sale of Italgel. Another investigation started in Rome in 1997 and closed without charges in March 1999 because the allegations were groundless.

By the end of May 1999, Mr Prodi was president-designate of the European Commission, but not yet formally appointed, a lengthy process. On June 12th 1999 the Daily Telegraph, a British newspaper, published an article about Mr Prodi’s business activities, and two further articles followed. The first article claimed that he was paid £1.4m in consulting fees in 1991-95 that he had failed to reveal while in public office, in possible violation of Italian law. It also said that both Goldman Sachs and Unilever were clients of a consultancy (ASE), belonging to Mr Prodi and his wife. (Unilever was not a client of ASE. From March 1990 to May 1993, when not in public office, Mr Prodi had acted as a consultant to Goldman Sachs. In total ASE received 3.1 billion lire from Goldman Sachs in 1991-95, including a total of 1.45 billion lire of bonuses paid in 1993 and 1994, but relating to periods prior to May 1993.)

According to Italian magistrates, the article insinuated that Mr Prodi had not declared the £1.4 million to the taxman. It suggested (correctly) that ASE’s fee income from Goldman Sachs rose sharply in 1993, but claimed: “ the surging payments in 1993 raise eyebrows, because Mr Prodi [sold CBD that year and] Mr Prodi’s former paymasters at Goldmans Sachs [advised the buyers]…The [CBD] group was sold for half its real value to a front company…then immediately resold in part to another of Mr Prodi’s former paymasters, …Unilever (Mr Prodi’s other ASE client).” Il Giornale, owned by your brother, Paolo, picked up some of the Daily Telegraph’s allegations.

Because of the Daily Telegraph’s article, magistrates in Bologna, ASE’s base, asked the Guardia di Finanza to investigate whether Mr Prodi and ASE had completed their tax returns correctly. The Guardia di Finanza concluded that the tax returns were accurate so the magistrates came to the same conclusion.

It rankles Berlusconi, I’m sure that The Economist has been so tough on him. He is wont to accuse those who accuse him of being in league with the communists, but that certainly won’t stick with that magazine.

Berlusconi owns 3 TV channels, but he doesn’t control them.

Please. If someone displeases him, do you expect us to believe he has no control over their continued employment? The fact that there are leftist journalists does not mean that Berlusconi doesn’t control his numerous media properties.

Typing in upper case doesn’t make something true.

You just threw away what little credibility you had with that statement.

Thanks, but I’ll stick with what the conservative magazine The Economist said about Berlusconi in 2001 and what they say know: he’s unfit to hold office.

You’ll realize how Prodi is bad by seeing his anti-Israel and anti-US policy.

Berlusconi was far better off

I am not a fan of him, although I am RIGHT WING and proudly so. BUT I don’t want a clown like Prodi to compromise my future as a young person looking for a job. He’ll put restrictions to the labor market, will tax our savings and will damage our country by : APPEASING TERRORISTS, ALLOWING ILLEGAL ISLAMIC IMMIGRANTS TO INVADE US, ADOPTING A PRO-EU, PRO-UN AND ANTI-U.S. POLICY

I guess you’ll miss Berlusconi

And by the way, let’s not forget that Mr. Prodi is also corrupt ( do you know about his role as banker at IRI ? )

Berlusconi owns 3 TV channels, but he doesn’t control them. There are many journalists there that are leftist and very much so.

Also, if you know about Italy, you’d know that most of our media is LEFTIST . Il Corriere della Sera endorsed Prodi, not Berlusconi

These lies about Berlusconi are similar to those against President Bush

Your analogy still doesn’t hold water. In this country, Berlusconi would have had to put his media empire into a blind trust and would have had zero control over it. He did not have to do so in Italy. Accordingly, he was able to use is media outlets for his own good.

You’re comparing apples and oranges.

It’s like the jackass that forgot he was really an elephant!

CBS is owned by Viacom which also owns Simon & Schuster, Paramount, MTV, Nickelodeon, etc.

Is there that much difference between Berlusconi controlling the media in Italy, and the corporate media controlling news in the U.S.?

Uhh, yeah. Berlusconi is not in competition with himself.

You also failed to mention that as head of government Berlusconi effectively controls public broadcasting in Italy, so your analogy is way off the mark.

I thought the above blog written by an American living in Italy was insightful, in a “sociological” sort of way.

Is there that much difference between Berlusconi controlling the media in Italy, and the corporate media controlling news in the U.S.?

National networks, NBC, CBS, and ABC, as well as most if not all of the smaller cable channels, are owned by large corporations: General Electric, CBS Corporation, and Disney which manipulates news and controls what the public hears and sees.

And since both the Republican and Democratic Party, exclusively represent the coporate agenda, news is tainted, so that the public is fed the same crap over and over again–so during elections, the mesmerized public, ultimately votes against their own interests and in ways that benefit the multi-national corporations.

Ciao!

If I recall correctly I believe that in Italy, the statute of limitations on criminal prosecutions runs throughout the prosecution of crime. In the US, once someone is indicted, the clock becomes irrelevant except to the extent that their right to a speedy trial is not observed.

I think that may be why Berlusconi has been refusing to acknowledge the inevitable: that he lost amd may have to answer for a lot.

Also, the opposition plans to introduce a law requiring elected officials to put businesses ina blind trust. Accordingly, if this goes through Berlusconi will have to choose between his businesses or a political career.

Absolutely, I do think that is true, and said as much in my previous post when I indicated that many or most people here would know about Berlusconi’s background even if the “average American” probably does not. btw I do not think that ignorance makes one a moron, as there are different reasons why one is ignorant: Lack of opportunity for a good education, lack of curiosity, etc.

Michael, I seem to recall reading your comments here a few months ago and being extremely impressed with your knowledge of what was going on in all parts of the world. But in the past week that I’ve been nosing back around it seems like you can’t go a couple paragraphs without insinuating all Americans are morons. Could you at least concede that whether or not the average American is curious about the world, the average American reading Marc Cooper’s blog (you know, the people actually reading your comments) is?

Vostre inglese è migliore del mio italiano!

Michael,

If a president in the US owned all the private broadcast networks and had effective control over public broadcasting through his office, I’d be very worried.

Did a little investigating. Seems like a lot of sound and fury, but not a lot of substance:

In May 1993 Mr Prodi became chairman of IRI once again, with a mandate to privatise chunks of it. He inherited a plan to sell SME in three divisions. In October 1993, Mr Prodi sold SME’s food-production arm, Cirio-Bertolli-De Rica (CBD), to Fis.Vi, an agricultural consortium. A clause in Fis.Vi’s purchase contract with IRI allowed Fis.Vi to sell Bertolli, the edible oils business, to Unilever, which Fis.Vi soon did. Goldman Sachs advised Unilever, for whom Mr Prodi had served as an international advisory director from 1990 to May 1993. In October 1993 Mr Prodi also sold Italgel, SME’s ice-cream division, to Nestlé.

Mr Prodi left IRI in April 1994, entered politics in 1995 and served as Italy’s prime minister in 1996-98. The privatisation of SME finished in 1996, and raised a total of 2.05 trillion lire. The last bits to be sold were GS Supermercati and Autogrill.

Before long, there were allegations that if the companies comprising CBD had been sold separately, IRI would have received a better price. As a result, magistrates investigated the sale and Mr Prodi’s role in it. In December 1997 a judge at a preliminary hearing concluded that no charges should be brought as “the facts alleged are non-existent”. He also stated that IRI had not suffered a loss and neither had Fis.Vi made a profit, and that if CBD had been sold piecemeal, IRI would have got less.

There were similar allegations over the sale of Italgel. Another investigation started in Rome in 1997 and closed without charges in March 1999 because the allegations were groundless.

By the end of May 1999, Mr Prodi was president-designate of the European Commission, but not yet formally appointed, a lengthy process. On June 12th 1999 the Daily Telegraph, a British newspaper, published an article about Mr Prodi’s business activities, and two further articles followed. The first article claimed that he was paid £1.4m in consulting fees in 1991-95 that he had failed to reveal while in public office, in possible violation of Italian law. It also said that both Goldman Sachs and Unilever were clients of a consultancy (ASE), belonging to Mr Prodi and his wife. (Unilever was not a client of ASE. From March 1990 to May 1993, when not in public office, Mr Prodi had acted as a consultant to Goldman Sachs. In total ASE received 3.1 billion lire from Goldman Sachs in 1991-95, including a total of 1.45 billion lire of bonuses paid in 1993 and 1994, but relating to periods prior to May 1993.)

According to Italian magistrates, the article insinuated that Mr Prodi had not declared the £1.4 million to the taxman. It suggested (correctly) that ASE’s fee income from Goldman Sachs rose sharply in 1993, but claimed: “ the surging payments in 1993 raise eyebrows, because Mr Prodi [sold CBD that year and] Mr Prodi’s former paymasters at Goldmans Sachs [advised the buyers]…The [CBD] group was sold for half its real value to a front company…then immediately resold in part to another of Mr Prodi’s former paymasters, …Unilever (Mr Prodi’s other ASE client).” Il Giornale, owned by your brother, Paolo, picked up some of the Daily Telegraph’s allegations.

Because of the Daily Telegraph’s article, magistrates in Bologna, ASE’s base, asked the Guardia di Finanza to investigate whether Mr Prodi and ASE had completed their tax returns correctly. The Guardia di Finanza concluded that the tax returns were accurate so the magistrates came to the same conclusion.

It rankles Berlusconi, I’m sure that The Economist has been so tough on him. He is wont to accuse those who accuse him of being in league with the communists, but that certainly won’t stick with that magazine.

Berlusconi owns 3 TV channels, but he doesn’t control them.

Please. If someone displeases him, do you expect us to believe he has no control over their continued employment? The fact that there are leftist journalists does not mean that Berlusconi doesn’t control his numerous media properties.

Typing in upper case doesn’t make something true.