The Shifting Management Paradigm at Fiat

This chapter explores the transition of control at Fiat from the Agnelli family to professional management, addressing the resulting challenges and leadership changes. It emphasizes the critical role of management in capital allocation, the importance of engaging with company leaders for investment success, and the impact of corporate culture on performance. Through various examples, it underscores the significance of management style and alignment with shareholder interests in driving company resilience and growth.