Business: Go East, Young Man

In Hong Kong's Cafe de Chine, 500 guests sat down to a lavish celebration that included a 14-course dinner, scenes from Peking operas, Soochow poetry recitations, drinking and dancing. The host was Insurance Tycoon Cornelius Vander Starr, 67, and the occasion was the 40th anniversary of his insurance company, the largest independent international insurance agency in the world, with branches from Paris to Phnom Penh. Starr, who started his business in the Far East, could well afford the celebration. Last week his American International Insurance Corp. reported that in 1959 it collected $155 million in life and general (fire, casualty, and...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!