Maurice R. “Hank” Greenberg, a former longtime chief executive of American International Group Inc. who now is building a new insurance and investment conglomerate known as Starr Cos., says of the worries mounting over the Chinese market’s swoon: “I think everybody is getting excited a little bit too soon.”
After a year-long stock-market rally that more than doubled the leading benchmark, “To get all hot and bothered by what’s going on now is an exaggeration. The market ran up very rapidly. I didn’t hear you calling me for comment then.”… READ MORE
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Wall Street Journal , by Leslie Scism
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