Ivano Sacchetti
Encyclopedia
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
. 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 was the Vice-President of 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...
until December 31, 2005, when he resigned 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 Giovanni Consorte
Giovanni Consorte
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...
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.