[3] Chao married U.S.

The news outlet also pointed out that Chaos sister Angela Chao is CEO of Foremost and has ties to the Chinese state, including her membership of the board of the Bank of China. She received an MBA degree from Harvard Business School in 1979. In the second semester of her junior year, she studied money and banking at Dartmouth College. The New York Times published a story Sunday evening suggesting Transportation Department Sec. (An agency official told the Times it was an oversight.) [4], The University of Louisville's Ekstrom Library opened the "McConnell-Chao Archives" in November 2009. Another 2018 story by The Intercept implied that the Chaos made use of offshore tax havens when funding their family foundation. Leadership", "Trump nominates brother-in-law of Senate GOP leader Mitch McConnell and Transportation Secretary Chao to run pension agency", "Want to run an agency? You have entered an incorrect email address! In 1986, Chao became Deputy Administrator of the Maritime Administration in the U.S. Department of Transportation.

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elaine chao sister bank of china

Elaine Chao “boosted the profile of her familys shipping company” through her position. But Republican Maine Sen. Susan Collins, who leads a group with oversight of the Department of Transportation (DOT) budget, said that the push for budget cuts came from the White House and not Chao, according to The NYT. DOT provided the following statement from Chao for The NYT story: My parents and I came to America armed only with deep faith in the basic kindness and goodness of this country and the opportunities it offers. We predate her; she doesn’t predate us.”. [49][50][51] According to financial disclosure forms, Chao was slated to receive between $1–5 million for compensation for her service on the board of Wells Fargo. Senator Mitch McConnell in 1993. A DOT spokesman called The NYT’s premise “a web of innuendos and baseless inferences.”. If Sports Are Redeemable, Why Isn’t Society? [93][91], In April 2008, Chao's father gave Chao and McConnell between $5 million and $25 million,[94] which "boosted McConnell's personal worth from a minimum of $3 million in 2007 to more than $7 million"[95] and "helped the McConnells after their stock portfolio dipped in the wake of the financial crisis that year". For licensing opportunities of our original content, please contact [email protected]. [34][35], A 2007 report by the department's Office of Inspector General (OIG) found that mine safety regulators did not conduct federally required inspections at more than one in seven of the country's 731 underground coal mines in 2006, and that the number of worker deaths in mining accidents more than doubled to 47 in that year. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true); © Copyright 2008-2020, All Rights Reserved  |, The New York Times Highlights Sec Elaine Chao’s Connections To China. She then served as Director of the Peace Corps (1991–1992) and as president of the United Way of America (1992–1996).

[3] Chao married U.S.

The news outlet also pointed out that Chaos sister Angela Chao is CEO of Foremost and has ties to the Chinese state, including her membership of the board of the Bank of China. She received an MBA degree from Harvard Business School in 1979. In the second semester of her junior year, she studied money and banking at Dartmouth College. The New York Times published a story Sunday evening suggesting Transportation Department Sec. (An agency official told the Times it was an oversight.) [4], The University of Louisville's Ekstrom Library opened the "McConnell-Chao Archives" in November 2009. Another 2018 story by The Intercept implied that the Chaos made use of offshore tax havens when funding their family foundation. Leadership", "Trump nominates brother-in-law of Senate GOP leader Mitch McConnell and Transportation Secretary Chao to run pension agency", "Want to run an agency? You have entered an incorrect email address! In 1986, Chao became Deputy Administrator of the Maritime Administration in the U.S. Department of Transportation.

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