Chao family donates $40 million to Harvard Business School - Boston.com: The Harvard Business School is significantly expanding its mission of training current business leaders with the addition of a second executive education center, funded by a $40 million gift from the family of former US Labor Secretary, Elaine L. Chao.
At a ceremony Friday the school announced the donation from Dr. James Si-Cheng Chao, a shipping magnate, and his family. Four of Chao’s daughters, including Elaine Chao, attended the Harvard Business School. The center will be named after his late wife, Ruth Mulan Chu Chao.
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