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This paper deals with the role and composition of the Italian Socialist Party's National Executive Committee during the 1976–1987 period. These years saw the advent, the strengthening and the unchallenged supremacy of Craxi's leadership first within the PSI and then within the Italian political system. While in other political parties the role of the National Executive Committee as a decision-making body has remained crucial, in the PSI this role seems to have been impaired both by Craxi's extremely personal and strong leadership and by the weakness of the party organization. However, the loss of decision-making power by the collective leadership was accompanied by an increase in membership, which favoured the rise of new members to leading positions. The social and political characteristics of this new political class are analysed and evaluated through a number of empirical indicators. The results allow a better understanding of the actual changes that occurred in the party as a consequence of the innovations brought about by Craxi's leadership. This, in turn, sheds light on an important section of the Italian ruling class.