How Beijing Is Ensuring Aig's SuccessBy
For more than a year, American International Group Inc. had its eye on 10 stunning pagoda windows. Looted from Beijing's Summer Palace during the Boxer Rebellion, the windows had been hidden away for nearly 80 years until they suddenly surfaced in 1992. Alerted to their reappearance by an American collector, AIG Executive Vice-President Edmund Tse got the Starr Foundation, a charitable institution closely related to AIG and headed by its chairman, Maurice R. Greenberg, to write the Chinese government a check for $515,000 to buy the windows back from a Paris antique dealer.
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