DIRS.INFO The most relevant business & tech news

☆ Foremost Group CEO Angela Chao was intoxicated during fatal car accident in Texas pond: police
▼ + stars: | 2024-03-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

A toxicology report later showed that Chao had a blood-alcohol concentration of .233, the Blanco County Sheriff's Office said in its report. Chao drowned after friends and rescue workers tried without success to get the 50-year-old shipping executive out of the submerged vehicle. "Chao, who is still on the phone with Keinan, tells Keinan in a [calm] voice her feet are under water," the report said. "Chao told Keinan the water was rising and she was going to die, and said, 'I love you' to Keinan prior to the vehicle going under water." Both deputies entered the pond and tried repeatedly to locate Chao through the back door, "but were unable to," the report said.

Persons: Angela Chao, Pitbull, Chao, Mitch McConnell, Elaine Chao, Tesla, Jim Breyer, Breyer, Amber Landeau, Kienan, Keinan, Victoria Garcia, Victoria, Heela Yang Tsuzuki, One, James Chao, Bruce Wasserstein Organizations: U.S . Labor, Transportation, Blanco County Sheriff's, Ninth, Academy Museum of Motion Pictures, Harvard Business School, Rescue, Texas Rangers, FBI, Blanco County Sheriff's Office, American Bureau of Shipping Council, Harvard Business School's, Dean's Advisors, Metropolitan Opera, National Basketball, Boston Celtics, Facebook, Walmart, Marvel Entertainment, News Corp, Dell Locations: Los, Beverly Hills, Los Angeles , California, Johnson City, Austin, Ky, Texas, Blanco County, New York, Dubai

☆ Angela Chao's death comes after years of complaints to federal regulators about Tesla's reverse gear shift
▼ + stars: | 2024-03-13 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

She told a friend she often accidentally put the car in reverse instead of drive. But instead of putting the car into drive, she accidentally put it in reverse. Business Insider found 12 complaints related to the Tesla reverse function in a database of automobile consumer complaints kept by the US Department of Transportation. The other five complaints were from people who said their cars appeared to switch between drive and reverse without warning. The federal database where BI located 12 concerns about reverse shifting contained 4,228 total complaints related to Teslas.

Persons: Angela Chao, Tesla, —, Chao, they'd, Teslas, It's Organizations: Service, Street Journal, Business, US Department of Transportation, Regulators, Traffic Safety Administration, Department of Transportation, Tesla, Drivers Locations: Austin, Teslas

☆ Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, died after car became submerged in pond, WSJ reports
▼ + stars: | 2024-03-10 | by ( Chris Boyette | Rebekah Riess | ) edition.cnn.com time to read: +3 min

CNN —Angela Chao, CEO of shipping company Foremost Group and sister of former US cabinet secretary Elaine Chao, died after her car became submerged in a pond on a Central Texas ranch last month, according to the Wall Street Journal and a report from Blanco County Emergency Services obtained by the Austin American-Statesman. Chao’s Tesla Model X SUV went over an embankment and into a pond when she put the car in reverse instead of drive during a three-point turn shortly before midnight on February 10, the Wall Street Journal reports. According to the Wall Street Journal, a longer cable was eventually garnered, and the car was pulled from the pond. First responders soon retrieved Chao from her vehicle and began resuscitation efforts but were unsuccessful, according to the Wall Street Journal. Neither the Blanco County Emergency Services, Blanco County Sheriff’s Office, nor Texas Attorney General Ken Paxton’s office have responded to CNN’s request for comment and additional information.

Persons: Angela Chao, Elaine Chao, Tesla, Chao, Ken Paxton’s, George W, Donald Trump, Mitch McConnell Organizations: CNN, Foremost Group, Wall Street, Blanco County Emergency, Austin American, Statesman, EMS, Emergency Services, Blanco County Sheriff’s, Texas, Blanco County Public, Office Locations: Central Texas, Blanco County, Blanco

☆ Angela Chao may have died after accidentally putting her Tesla in reverse, a mistake she made before, WSJ reports
▼ + stars: | 2024-03-09 | by ( Lloyd Lee | Jack Newsham | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. Blanco County Sheriffs told Austin American-Statesman that Chao may have "succumbed from being under the water." Advertisement"Does the Blanco County Sheriff have the technical capacity to investigate the Tesla logs to determine if the car was tampered with or even hacked?" A spokesman for the Blanco County sheriffs did not respond to a request for comment sent outside working hours. AdvertisementExperts previously told Business Insider that drivers only have about a minute to get out of a sinking vehicle.

Persons: —, Angela Chao, Elaine Chao, Tesla, Chao, Chao's Tesla, J, Kyle Bass, Bass, Ken Paxton Organizations: Service, Foremost, Street Journal, Business, Blanco County Sheriffs, Austin American, Statesman, Texas, Hayman Capital Management, Blanco County Sheriff, Tesla Locations: Blanco County , Texas, Austin, Blanco County, Texas, Blanco, Chao

☆ Authorities have launched a 'criminal investigation' into Foremost Group CEO Angela Chao's death, report says
▼ + stars: | 2024-03-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Authorities have launched a "criminal investigation" into the death of the Foremost Group CEO. AdvertisementAuthorities in Texas have said they are carrying out a "criminal investigation" into the death of Foremost Group CEO Angela Chao, CNBC reported. In a letter to the attorney general, the sheriff's office also noted that it "was not a typical accident," the report added. Her sister, Elaine Chao, is a former US Secretary of Transportation and the wife of Senate Minority Leader Mitch McConnell. Business Insider reached out to the Blanco County Sheriff's Office for comment.

Persons: Angela Chao, Elaine Chao, Mitch McConnell, —, Ken Paxton, Jim Breyer, Chao, James S.C Organizations: Foremost, Service, Authorities, CNBC, Blanco County Sheriff's, Texas, Transportation, Business Locations: Texas, Johnson City , Texas, Austin, Blanco County

☆ Death of shipping CEO Angela Chao under 'criminal investigation,' Texas sheriff says
▼ + stars: | 2024-02-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The death earlier this month of Foremost Group CEO Angela Chao, the sister-in-law of Senate Minority Leader Mitch McConnell, is currently under "criminal investigation," a Texas sheriff's office said Thursday. "This incident was not a typical accident," the Blanco County Sheriff's Office wrote in a letter to Texas Attorney General Ken Paxton on Thursday. "Releasing the reports, videos and other information prior to the completion of the investigation would interfere with the investigation and possible prosecution of this matter," the sheriff's office wrote. The sheriff's office in that Feb. 16 statement had said, "EMS attempted emergency measures on Ms. Chao but she succumbed from being under the water." Chao was the sister of McConnell's wife, Elaine Chao, who has served as secretary of both the U.S. Labor and Transportation departments.

Persons: Angela A, Chao, Angela Chao, Mitch McConnell, Ken Paxton, Jim Breyer, Austin . Chao, Elaine Chao Organizations: New York City Opera, Blanco County Sheriff's, CNBC, U.S . Labor, Transportation Locations: New York City, Texas, Johnson City , Texas, Austin, Blanco County

☆ Mitch McConnell to step down as Republican Senate leader in November
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Sen. Mitch McConnell of Kentucky said Wednesday that he will step down as Republican leader in the Senate in November. McConnell, 82, revealed his plans in an address to the Senate, where he currently serves as minority leader. McConnell, who is the longest-serving Senate caucus leader in history, plans to keep his seat in the chamber, which he took in 1985. "To serve Kentucky, has been the honor of my life, to lead my Republican colleagues has the highest privilege," McConnell said. "When you lose a loved one, particularly at a young age, there's a certain introspection that accompanies the grieving process," McConnell said.

Persons: Sen, Mitch McConnell, McConnell, Elaine Chao, Angela, Chao's, Angela Chao, Jim Breyer Organizations: Kentucky, Senate, Republican Locations: Kentucky, life's, Austin , Texas

☆ Foremost Group CEO Angela Chao died after car went into Texas pond, sheriff says
▼ + stars: | 2024-02-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Angela Chao, CEO of Foremost Group and the sister-in-law of Senate Minority Leader Mitch McConnell, died after her car went into a pond on a private ranch about 40 miles west of Austin, Texas, authorities said Friday. On Friday, the Blanco County Sheriff's Office said in a statement that on Saturday, it "responded to a possible water rescue on a private ranch located in Blanco County, TX." "On arrival Blanco County deputies along with Blanco County EMS and Fire recovered the body of Angela Chao from a pond on the ranch," the statement said. "EMS attempted emergency measures on Ms. Chao but she succumbed from being under the water," the statement said.

Persons: Angela A, Chao, Angela Chao, Mitch McConnell, Chao's, Jim Breyer, Elaine Chao, McConnell, Donald Trump's, George W, Bush, Ben Oakley, Oakley Organizations: New York City Opera, Foremost, Wednesday, Blanco County Sheriff's, Blanco County EMS, Fire, Harvard, National Basketball, Boston Celtics, Bank of, China State Shipbuilding Corporation, Transportation, Labor, CNBC Locations: New York City, Austin , Texas, Blanco County, Blanco County , TX, Blanco, Johnson City, Austin, Bank of China

☆ Angela Chao, CEO of Foremost Group and wife of VC Jim Breyer, dies in a car crash at age 50
▼ + stars: | 2024-02-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Angela Chao, CEO of Foremost Group, died in a car accident in Texas, the company said. Chao was married to venture capitalist Jim Breyer and was the sister of Elaine Chao. AdvertisementAngela Chao, 50, chair and CEO of the shipping company the Foremost Group, died in a car crash in Texas on Sunday, the company said. Angela Chao was also the sister of Elaine Chao, who is married to Senate Minority Leader Mitch McConnell. Elaine Chao served as labor secretary under former President George W. Bush and transportation secretary under former President Donald Trump.

Persons: Angela Chao, Chao, James S.C, Jim Breyer, Elaine Chao, —, Mitch McConnell, George W, Donald Trump Organizations: Foremost, Service, Breyer Capital, Business Locations: Texas

AUSTIN, Texas (AP) — Angela Chao, a shipping industry CEO and sister-in-law to Senate Minority Leader Mitch McConnell, has died in a car accident, her family says. Chao, 50, died Sunday in Texas, according to a family statement that did not provide any additional details about what happened. Chao was the chair and CEO of her family's shipping business, the Foremost Group, and the president of her father's philanthropic organization, the Foremost Foundation. Chao was the youngest of six sisters to immigrant parents who moved to the U.S. from China in the late 1950s. “Angela’s name in Chinese sounds like the characters for peace and prosperity," her father, James S.C. Chao, said in the family statement.

Persons: — Angela Chao, Mitch McConnell, Chao, Elaine Chao, Donald Trump, George W, Bush, “, James S.C, Michael Lee Organizations: Foremost Locations: AUSTIN, Texas, Blanco, Austin, Blanco County, China

☆ Shipping CEO Angela Chao, sister of former Cabinet member Elaine Chao, dies in car crash
▼ + stars: | 2024-02-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Angela Chao, CEO of the shipping company the Foremost Group and sister of former US cabinet secretary Elaine Chao, was killed in a car crash in Texas on Sunday, according to a spokesperson for her company. Angela Chao, 50, had been CEO of the shipping company since 2018, assuming the role from her father, James S.C. Chao, who had founded it in 1964. “Angela Chao was a formidable executive and shipping industry leader, as well as a proud and loving daughter, sister, aunt, wife and mother. She was also a precocious youngster, learning about the shipping industry at an early age,” said the companies’ statement. Elaine Chao is the wife of Senate Minority Leader Mitch McConnell.

Persons: Angela Chao, Elaine Chao, James S.C, Chao, Michael Lee, Smith Barney, Morgan Stanley, “ Angela Chao, ”, TradeWinds, “ Angela, Presisdent George W, Donald Trump, Mitch McConnell Organizations: New, New York CNN, Foremost, Harvard, American Bureau of Shipping Council, Harvard Business School’s, Dean’s Advisors, Metropolitan Opera, Chairman’s, Metropolitan Museum of Art, Museum of Contemporary Art, Shanghai Mulan Education, Asian American Foundation, Asian Americans, Pacific Islanders Locations: New York, Texas, Austin , Texas, Los Angeles, Shanghai

☆ Angela Chao, C.E.O. of Family’s Big Shipping Company, Dies at 50
▼ + stars: | 2024-02-14 | by ( Keith Bradsher | Michael Forsythe | ) www.nytimes.com time to read: +1 min

Angela Chao, the chief executive of a shipping company and part of a family prominent in American politics and business deals with China, died in a car crash on Sunday, in Texas. Ms. Chao had since 2018 been the chair and chief executive of the Chao family’s Foremost Group, which operates a global fleet of bulk carrier ships. Elaine Chao is married to Senator Mitch McConnell of Kentucky, the Senate Republican leader. The Chao family, led by Angela and Elaine Chao’s father, James S.C. Chao, stands out because of its deep political and commercial ties in both the United States and China. He moved to the United States in 1958 and helped found the Foremost Group in 1964.

Persons: Angela Chao, Chao, Elaine Chao, Donald J, Trump, George W, Bush, Mitch McConnell of, Angela, Elaine Chao’s, James S.C, . Chao, Jiang Zemin Organizations: Republican, Nationalists Locations: China, Texas, Mitch McConnell of Kentucky, United States, Taiwan, Shanghai

Search resuls for: "Angela Chao"

12 mentions found