newser.com on December 2, 2011 reported that the board of the state-controlled aerospace and engineering giant Finemeccanica has replaced its chairman, who has been caught up in a corruption probe. Finmeccanica has added the job of chairman to CEO Giuseppe Orsi's duties, after chairman Pier Francesco Guargualini resigned under pressure. The company is 30-percent controlled by the Italian Treasury. The spiraling corruption probe into allegations of a slush fund to funnel money to political parties created an emergency for Italian Premier Mario Monti's fledgling government. Monti had called for a "rapid and responsible solution." Guarguaglini, who is under investigation for making false invoices and tax fraud, has denied wrongdoing.
The original article can be found at newser.com.