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The Boston Globe

Business

Harvard Business School gets $40 million family donation

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 Elaine L. Chao, a former US labor secretary.

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, attended Harvard Business School. The center will be named after his late wife, Ruth Mulan Chu Chao.

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