Giovanni Consorte
Encyclopedia
Giovanni Consorte is an Italian
manager
. He graduated in chemical engineering
at the University of Bologna
in 1972 and headed Montedison from 1973 to 1975, then Lega delle Cooperative from 1976 to 1978. Since 1979 he worked in Unipol
, of which he became President in 1996. He resigned on December 31, 2005, following the bancopoli
scandal. On October 25, 2006 he was sentenced to six months in jail for insider trading
, together with Ivano Sacchetti
and Emilio Gnutti
. He appealed, but on November 12, 2007 the sentence was upheld by the Milan
Court of Appeal.
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
manager
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
. He graduated in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...
at the University of Bologna
University of Bologna
The Alma Mater Studiorum - University of Bologna is the oldest continually operating university in the world, the word 'universitas' being first used by this institution at its foundation. The true date of its founding is uncertain, but believed by most accounts to have been 1088...
in 1972 and headed Montedison from 1973 to 1975, then Lega delle Cooperative from 1976 to 1978. Since 1979 he worked in Unipol
Unipol
Unipol Gruppo Finanziario S.p.A. is an Italian financial services company operating principally in the insurance sector, in which it is the country's fourth-largest firm. Based in Bologna, the company was founded in 1962 as a cooperative provider of non-life insurance...
, of which he became President in 1996. He resigned on December 31, 2005, following the bancopoli
Bancopoli
Bancopoli was the name coined by the Italian press to identify the finance and banking scandals that played out for the Italian public between July 2005 and January 2006...
scandal. On October 25, 2006 he was sentenced to six months in jail for insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
, together with Ivano Sacchetti
Ivano Sacchetti
Ivano Sacchetti is an Italian manager. He was the Vice-President of Unipol until December 31, 2005, when he resigned following the bancopoli scandal. On October 25, 2006 he was sentenced to six months in jail for insider trading, together with Giovanni Consorte and Emilio Gnutti...
and Emilio Gnutti
Emilio Gnutti
Emilio Gnutti is an Italian financier and founder of the Hopa SpA holding company. He was involved in many important takeovers, most notably the one of Telecom Italia made in 1999 with Roberto Colaninno, and the subsequent sale of the company to Marco Tronchetti Provera...
. He appealed, but on November 12, 2007 the sentence was upheld by the Milan
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
Court of Appeal.