Word: shanghais
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...trade official, Long Yongtu, who told this story at the Institute for International Economics in Washington last month. It was clear to Zhu that Greenberg, a private U.S. citizen with deep knowledge of China, had been given extraordinary authority. So Zhu sent Long to the "Greenberg suite" of a Shanghai hotel partly owned by AIG, and the two began working out the final pieces of a historic trade pact that, incidentally, gave Greenberg what he wanted: the right to keep running wholly owned subsidiaries...
Nowhere is Greenberg's standing more firm than in China, where the forerunner company to AIG was founded in 1919 in Shanghai by the most important figure in his career, Cornelius Vander Starr, who hired Greenberg in 1960. Even though AIG had to shut down its operations in China in 1950 after the communists took over, Greenberg never lost sight of those roots and was thrilled when his company in 1998 reclaimed one of its original offices on the Bund in Shanghai. Ahead of most, he understood the vast economic potential of China and advocated for better relations to every...
...played a lead role in promoting China's capitalist transition, serving as chairman of the Asia Society and chairman of the U.S.-China Business Council, and creating and chairing the International Business Leaders' Advisory Council in Shanghai. The Chinese remain so enamored of Greenberg that this year they honored him with their prestigious Marco Polo Prize for promoting Sino-American relations. "Hank Greenberg is perhaps the best known and most admired American businessman at both top government and top business levels in [India and China]," says Peter G. Peterson, who was an economic adviser to Richard Nixon and has known...
...have language and experience to share.” They talked about the sometimes difficult transition from what Ms. Gu describes as the “homogenous Chinese society to the diverse Western society” and enjoyed conversing with each other in a mixture of English, Mandarin, and Shanghai dialect...
...couple became inseparable, spending summers together in Cambridge, Shanghai, and Hong Kong. “Both of us plan for life and do look forward,” says Mr. Zhang. “We weren’t just dating for the sake of dating.” Although they had discussed marriage “on and off,” Ms. Gu says the proposal this past Valentine’s Day came as a “complete surprise.” The couple were so close by then that Mr. Zhang had to fib about...