Freedomland Back on Track.In an effort to bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz its image, the troubled Web-TV venture Freedomland recruited members of Italy's business establishment to its management. To improve the company's stock market value, Freedomland shareholders appointed Marco Vitale, president of the Italian association of venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. , to the board. The other two appointees are Aldo Iacono, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Xerox's Italian unit, and businessman Carlo Carlone. Freedomland is under investigation by a Milan court for allegedly inflating subscriber numbers prior to an initial public offering last April. Investigators are also examining accounts for potential conflicts of interest regarding founder Virgilio Degiovanni and his other companies which do business with Freedomland. Luigi Guatri, the recently-named prez, was assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. to draw up a business plan to attract investors after the company lost US$29.45 million last year. To solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. subscriber numbers, Guatri wants Freedomland not to rely solely on a sales network company run by Degiovanni. Also, sales commissions will only be paid during the third month of subscriptions and not after a contract is signed. |
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