Guido Rossi Explained

Guido Rossi
Order:Member of the Senate of the Republic
Term Start:2 July 1987
Term End:22 April 1992
Constituency:Lombardia
Order2:Extraordinary commissioner of FIGC
Term Start2:16 May 2006
Term End2:19 September 2006
Predecessor2:Franco Carraro (as president of FIGC)
Successor2:Luca Pancalli
Birth Date:16 March 1931
Birth Place:Milan, Italy
Death Place:Milan, Italy
Nationality:Italian
Profession:Jurist, lawyer, politician
Children:3, including Sara and Livia
Spouse:Francesca
Party:Italian Communist Party
Otherparty:Independent Left

Guido Rossi (16 March 1931 – 21 August 2017) was an Italian jurist, lawyer, and politician.

Biography

Rossi was born in Milan on 16 March 1931.[1] He studied at the Ghislieri College from 1948 to 1953, and graduated in law from the University of Pavia.[2] In 1954, he obtained a Master of Laws at Harvard University.[3] As a former professor of commercial law, comparative private law, and philosophy of law in Trieste, Venice, Pavia, and Milan at the Statale, Bocconi, and Vita-Salute San Raffaele universities, he was appointed president of Consob, Italy's equivalent of the Securities and Exchange Commission,[4] in 1981.[3] A member of the Senate of the Republic for the Italian Communist Party and later the Independent Left in the Legislature X of Italy from 1987 to 1992, he was the promoter of antitrust legislation in Italy.[5] He later led Ferruzzi-Montedison,[6] [7] and then Telecom Italia.[8] [9]

For a year in the 2000s, Rossi defended the Dutch bank Abn Amro.[10] [11] In 2003, he defended Cesare Geronzi, the president of Capitalia, who was involved in the Cirio and Parmalat scandals.[12] In 2006, he was appointed extraordinary commissioner of the Italian Football Federation (FIGC) to manage the emergency situation created after the Calciopoli scandal.[3] On 15 September 2006, following the resignation of Marco Tronchetti Provera,[13] he was reappointed president of Telecom Italia,[3] and told a parliamentary committee in Rome that the company would cut its debt to €38 billion by the end of the year from €41.3 billion in June.[14] He held this position until 6 April 2007.[15] [16] [17] In 2008, in an attempt to relaunch the company in crisis of sales,[18] he became a consultant for Fiat.[19] [20]

Rossi was editor-in-chief of the magazines Rivista delle Società and Banca, Borsa e Titoli di Credito,[21] as well as a columnist for il manifesto and Il Sole 24 Ore.[22] On 4 May 2011, he was appointed ethical guarantor of Consob, a position from which he resigned on 26 October 2012.[23] In 2013, he described Bitcoin as "a risky instrument", and compared it to derivatives, and said it "can overturn the rules of capitalism."[24] Rossi died in Milan on 21 August 2017, aged 86.[25] He is survived by his wife Francesca and their daughters Sara and Livia, as well as a daughter from his previous marriage to Alessandra. As an atheist and in line with his personal views, no funeral was held.[26] In 2018, his name was inscribed in the Famedio inside the Monumental Cemetery of Milan.[27] [28] [29]

FIGC commissioner and Calciopoli

As the FIGC's extraordinary commissioner in the aftermath of the 2006 Italian football scandal,[30] [31] amid calls to have Marcello Lippi, the then Italy national football team, replaced by the likes of Carlo Ancelotti, Claudio Gentile, and Dino Zoff, Rossi was given the final decision.[32] From the beginning, he wanted to avoid any change, and he ultimately decided to keep Lippi;[33] he said that he had full trust in Lippi.[34] After leading Italy to win the 2006 FIFA World Cup, the team's first World Cup since 1982, despite Rossi's attempts to convince him to stay, saying that "he should remain by popular acclamation because he is the right coach for this national team",[35] Lippi decided to leave, citing insults to himself and his son.[36]

Rossi's stint as the FIGC's extraordinary commissioner during the Calciopoli scandal,[37] as well as his role in the scandal's investigation, and the 26 July 2006 decision to award third-placed Inter Milan the 2005–06 Serie A title after penalties for the other clubs,[38] were controversial. Rossi was an avowed supporter of Inter Milan,[39] an association football club of which he served as a member of the board of directors from 1995 to 1999.[40] He was accused of partiality and conflict of interest,[41] charges that Rossi denied.[42] [43] In an interview with the Corriere della Sera, former FIGC president Franco Carraro said that Rossi, with regard to the assignment of the title, had been badly advised by the experts, the Three Sages (Gerhard Aigner, Massimo Coccia, and Roberto Pardolesi), he appointed. Aigner denied this, saying that his task and that of the other two experts was to verify whether the statutes and regulations of UEFA, FIGC, and Lega Calcio allowed for the possibility of creating a different standings after the penalty of some clubs. According to Aigner, the rules granted this possibility and the task of experts was limited to confirming it to Rossi who, once he had acquired the legal opinion, autonomously decreed the assignment of the scudetto.[44]

Books

Further reading

External links

Notes and References

  1. News: E' morto Guido Rossi. Aveva 86 anni. it. La Repubblica. 21 August 2017. 3 February 2023.
  2. Web site: Morto Guido Rossi, capo della Figc dopo lo scandalo Calciopoli. Ha guidato Consob e Telecom. Leggo.it. it. 21 August 2017. 3 February 2023.
  3. Web site: La storia di Guido Rossi (morto a 86 anni) in 37 foto. Formiche.net. it. 21 August 2017. 3 February 2023.
  4. News: Suro. Roberto. 30 May 1987. Milan Communists Run a Capitalist. The New York Times. 3 February 2023.
  5. News: Focus on Guido Rossi (1). Terza Repubblica. it. 1 February 2006. 6 February 2023.
  6. News: Hansem. James. 30 November 1993. Italy's 'Disturbers' Quiet Down. The International Herald Tribune. 3 February 2023.
  7. News: Feruzzi Head Steps Down. The New York Times. 21 February 1995. 4 at Section D. 3 February 2023.
  8. News: Italy aide quits over dispute on Telecom. The International Herald Tribune. 18 September 2006. 3 February 2023. Telecom Italia's new chairman, Guido Rossi, said Sunday that the group was strong and 'an example of modern capitalism.' But Rossi was quoted by La Repubblica as saying he had to extract the group from 'the risk of renationalization.'.
  9. News: The troubleshooter. The Economist. 7 December 2006. 3 February 2023.
  10. News: De Francesco. Gian Maria. 12 January 2006. E Bilbao si affida a Guido Rossi l'uomo che ha fatto vincere Abn. Il Giornale. it. 3 February 2023.
  11. News: È morto Guido Rossi, ex presidente di Consob e Telecom. Il Post. it. 21 August 2017. 3 February 2023.
  12. News: Senza di te. Il Post. it. 29 December 2017. 3 February 2023.
  13. News: Sylvers. Eric. 4 April 2007. Investor seeks to drive out Telecom Italia chairman. The New York Times. 3 February 2023. Olimpia, the holding company that owns 18 percent of Telecom Italia, omitted the company's chairman, Guido Rossi, from a list of proposed new board members that was made public Wednesday. Telecom Italia shareholders will elect a new board, which will then choose the chairman from among its members, at a meeting [on 15 or 16 April] ... Rossi has served as the top Italian stock market regulator, and his reputation for being impartial during corporate battles helped put him above the fray that has surrounded Telecom Italia for most of the past year..
  14. News: Briefing: Telecom Italia repeats vow to cuts its debt. The International Herald Tribune. 27 September 2006. 3 February 2023.
  15. News: Sylvers. Eric. 6 April 2007. Telecom Italia chairman resigns in dispute. The New York Times. 3 February 2023. Rossi said during an interview with the daily la Repubblica on Friday that Tronchetti Provera had decided to fired him because Rossi had not defended the interests of the phone company's controlling shareholder and had become 'dangerous.'.
  16. News: Sylvers. Eric. 7 April 2007. Telecom Chief Quits in Italy After Clash Over Bid. The New York Times. 3 February 2023.
  17. News: Sylvers. Eric. 8 April 2007. Telecom Italia becomes national drama. The New York Times. 3 February 2023. Tronchetti Provera ousted Guido Rossi, considered by many in Milan financial circles to be one of the country's top turnaround gurus for troubled companies, last week because of differences on strategy. ... Tronchetti Provera, who was chairman of Telecom Italia until September, had said he was willing to consider offers for TIM Brasil, but the potential sale was immediately shelved when Rossi succeeded him. Rossi and others criticized the move because TIM Brasil is the only part of Telecom Italia's business that is growing and continues to have room to expand..
  18. News: E' morto Guido Rossi. Dalla Consob alla Figc, dalla Fiat a Montedison, da Telecom al Senato. L'Altro quotidiano. it. 21 August 2017. 4 February 2023.
  19. Web site: Longari. Gianluigi. 11 March 2008. Guido Rossi consulente degli Agnelli. Tutto MercatoWeb. it. 4 February 2023.
  20. News: È morto a 86 anni Guido Rossi, guidò la Consob e Telecom. Nel 2006 è stato commissario Figc. La Stampa. it. 21 August 2017. 4 February 2023.
  21. News: Addio a Guido Rossi, ex Presidente di Consob e Telecom. Aveva 86 anni. RAI. it. 21 August 2017. 3 February 2023.
  22. News: Fabozzi. Andrea. 21 August 2017. Addio a Guido Rossi. Il manifesto. it. 3 February 2023.
  23. News: Guido Rossi lascia la ConsobEra garante del Codice Etico. La Repubblica. it. 26 October 2012. 3 February 2023.
  24. Web site: Bisozzi. Francesco. 26 October 2012. Bitcoin, parla Guido Rossi: 'è uno strumento rischioso, è come i derivati, può stravolgere le regole del capitalismo'. La Repubblica. it. 3 February 2023.
  25. News: Morto il giurista Guido Rossi, è stato presidente di Consob e Telecom e commissario della Figc. Il Mattino. it. 21 August 2017. 3 February 2023.
  26. News: Morto Guido Rossi, ex presidente di Consob e Telecom. Lettera43. it. 21 August 2017. 3 February 2023.
  27. News: I milanesi illustri per il Famedio: tra gli altri la Sozzani, Olmi e Moratti. Milano Today. it. 20 September 2018. 3 February 2023.
  28. News: Milano, scelte le 14 personalità da iscrivere al Famedio. Il Giorno. it. 20 September 2018. 3 February 2023.
  29. News: Nuovi milanesi illustri nel Famedio: presenti Sozzani, Olmi e Moratti. Milano Today. it. 2 November 2018. 3 February 2023.
  30. News: E' morto Guido Rossi, fu il commissario della Federazione durante Calciopoli. Tuttosport. it. 21 August 2017. 18 July 2023.
  31. News: Guido Rossi e quel 2006 tra Calciopoli e il Mondiale di Lippi. Tuttosport. it. 21 August 2017. 18 July 2023.
  32. News: Monti. Fabio. 22 May 2006. Guido Rossi decide se Lippi andrà ai Mondiali. Corriere della Sera. it. 18 July 2023.
  33. Web site: Rossi conferma Lippi. Eurosport. it. 22 May 2006. 18 July 2023.
  34. News: Rossi: 'Totale fiducia a Lippi'. Corriere della Sera. it. 22 May 2006. 18 July 2023.
  35. News: Apicella. Nicola. 30 June 2006. Mondiali di Germania 2006: Diretta Italia-Ucraina. La Repubblica. it. 18 July 2023.
  36. News: Licari. Fabio. 12 July 2006. Lippi dice basta. Ecco perché. La Gazzetta dello Sport. it. 18 July 2023.
  37. News: È morto Guido Rossi, fu commissario Figc nell'estate di Calciopoli. La Gazzetta dello Sport. it. 21 August 2017. 3 February 2023.
  38. News: Iaria. Marco. 14 July 2011. Guido Rossi e quel comunicato estivo. La Gazzetta dello Sport. it. 3 February 2023.
  39. News: Cecere. Nicola. 17 May 2006. Al potere un vero tifoso interista che evita il caffè al bar bianconero. La Gazzetta dello Sport. it. 3 February 2023.
  40. News: Cingolani. Stefano. 21 August 2017. Guido Rossi, borghese di lotta e di governo che criticava la finanza. Sguazzandoci. Il Foglio. it. 3 February 2023.
  41. News: Boffi. Emanuele. 29 July 2006. Calciopoli. E se lo scandalo fosse il modo con cui ce l'hanno raccontato?. Tempi. it. 3 February 2023. 'I wonder why the Italian media say every possible abomination on the potential conflict of interest of Adriano Galliani, president of Lega [Calcio] and executive of Milan, but don't use the same criterion towards Guido Rossi, extraordinary commissioner of the [Italian Football] Federation and former executive of Moratti's Inter Milan from 1995 to 1999, and of Gigi Agnolin, appointed commissioner of referees but still former executive of Roma from 1995 to 2000 (instead of Moggi, look what a combination).' (Christian Rocca, ilfoglio.it/camillo, 3 July) ... ..
  42. News: Rossi: 'Titolo 2006? Colpa di Moggi e Carraro'. dead. Tuttosport. it. 13 May 2010. https://web.archive.org/web/20160304115102/http://www.tuttosport.com/calcio/serie_a/juventus/calciopoli/2010/05/13-68301/Rossi:+%C2%ABTitolo+2006%3F+Colpa+di+Moggi+e+Carraro%C2%BB?print. 4 March 2016. 3 February 2023.
  43. News: Rossi: 'Lo scudetto 2006 non l'ho assegnato io'. La Gazzetta dello Sport. it. 13 May 2010. 3 February 2023.
  44. News: Aigner: 'Scudetto 06 all'Inter? Una decisione di Guido Rossi'. dead. Libero Quotidiano. it. 8 July 2011. https://web.archive.org/web/20160304090415/http://www.liberoquotidiano.it/news/sport/779611/Aigner---Scudetto-06-all.html. 4 March 2016. 3 February 2023.

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