In the next five years, Italian companies will have to face a real Darwinian selection. Roger Abravane, guru of business consultancy, writes in an article in the Corriere della Sera that in order to survive, Italy must carry out an epochal transformation of its capitalism. Because – we read – the problem is that “Italian capitalism today is incapable of letting companies end up in the hands of shareholders who make the most of the financial and human resources at their disposal”.
Italian companies have benefited from financial capital to a greater extent than those of other European countries but have grown less: they have misused their resources. Italian capitalism "is more concerned with the family than with business", writes Abravanel. More than 40% of the top positions in large companies in our country are held by family members, against 6% of the Germans and 20% of the French. Without forgetting that, if the family component is decisive in large companies, let alone in medium and small companies: the boards of directors are full of members linked by family ties.
Italian companies will not be able to grow with this governance and leadership: "a selection of this kind" is necessary, so that the companies that earn and have little debt begin to absorb and make disappear those that instead lose and have too much debt.
