Adios Don Juan?

摘要

Four years ago, Juan Villalonga became one of Spain's most powerful men. Jose Maria Aznar, an old school-friend as well as the country's conservative prime minister, made him head of Telefonica, Spain's then-monopoly telecoms company, soon after taking office. When it was privatised, Mr Villalonga, with great gusto, set about turning Telefonica into a global force in mobile phones, television and the Internet. At one point this year, Telefonica's shares were worth a full quarter of the value of Madrid's stock-market. Mr Villalonga appeared to epitomise a dynamic new breed of businessmen working with Mr Aznar to put Spain on the world map—and becoming vastly rich in the process.