Find a staffer, agency or former employer

For example: Rebeckah Adcock, Agriculture, White House, Heritage Foundation, Trump Organization

Id badge

Elaine L. Chao

Transportation (joined: Jan. 31, 2017)

Secretary of Transportation | Financial Disclosure »

Former Positions Outside Government

Former Compensation Sources

See more financial disclosure details ⬇

Employment Assets

Description Value Income
Protective Life Insurance $5,160
Wells Fargo & Company $232,000
Centerra Group, LLC $38,350
The Heritage Foundation $125,227
Firebird International LLC
News Corporation $228,000
Ingersoll Rand $212,316
Vulcan Materials $165,000
Protective Life Insurance $524,331
Firebird International LLC, SunTrust Business Checking $1,001 - $15,000 None (or less than $201)
Firebird International LLC, SunTrust Business Money Market Performance $500,001 - $1,000,000 $201 - $1,000
Firebird International LLC, defined benefit plan - VFIAX - Vanguard 500 Index Adm $1,000,001 - $5,000,000 None (or less than $201)
Real Estate Roundtable (through Worldwide Speakers Group) - 1/27/2015 None (or less than $1,001) $25,000
Alliance for Public Awareness (through Worldwide Speakers Group) - 6/13/2015 None (or less than $1,001) $50,000
Iranian-American Cultural Association of Missouri (through Worldwide Speakers Group) - 3/9/2016 None (or less than $1,001) $17,500
Vulcan Materials - Directors Fees Receivable 12/15/16 $50,001 - $100,000 None (or less than $201)
News Corporation, Unvested Deferred Stock Units $500,001 - $1,000,000 None (or less than $201)
Wells Fargo & Company, common stock $1,001 - $15,000 $201 - $1,000
Wells Fargo & Company, Deferred Stock Compensation $1,000,001 - $5,000,000 None (or less than $201)
UBS Pension Trust (Personal Retirement Account)
UBS Brokerage Account (Cash) None (or less than $1,001) None (or less than $201)
WGIFX - American Funds Capital World Gr & Inc F2 $15,001 - $50,000 $201 - $1,000
SDSCX - Dreyfus/The Boston Co Sm/Md Cp Gr I $1,001 - $15,000 $201 - $1,000
FEGIX - First Eagle Gold I $1,001 - $15,000 None (or less than $201)
PEQPX - Principal Equity Income P $15,001 - $50,000 $201 - $1,000
GFFFX - American Funds Growth Fund of Amer F2 $15,001 - $50,000 $1,001 - $2,500
DPFFX - Delaware Diversified Income Instl $15,001 - $50,000 $201 - $1,000
TGBAX - Templeton Global Bond Adv $1,001 - $15,000 None (or less than $201)
PGDPX - Principal Global Div Inc P $1,001 - $15,000 $201 - $1,000
Mutual of America Tax Deferred Annuity
Deutsch VSI Capital Growth $100,001 - $250,000 $5,001 - $15,000
UBS PSP (Personal Retirement Account)
UBS Brokerage Account (cash) $1,001 - $15,000 None (or less than $201)
GONCX - JHancock International Growth C $1,001 - $15,000 None (or less than $201)
JVLCX - JHancock Disciplined Value C $15,001 - $50,000 $1,001 - $2,500
Hudson Institute $47,614
The Heritage Foundation 403(b)
SWIXX - Schwab Retirement Advantage Money Fund $100,001 - $250,000 $201 - $1,000
VFIAX - Vanguard 500 Index Admiral $15,001 - $50,000 None (or less than $201)
PREIX - T. Rowe Price Equity Index 500 $100,001 - $250,000 None (or less than $201)
The Heritage Foundation Retirement Plan (defined contribution plan)
SWIXX - Schwab Retirement AdvantageMoney Fund None (or less than $1,001) None (or less than $201)
ARTKX - Artisan International Value Investor $1,001 - $15,000 None (or less than $201)
BARAX - Baron Asset Retail $1,001 - $15,000 None (or less than $201)
FAIRX - Fairholme $15,001 - $50,000 None (or less than $201)
LSBDX - Loomis Sayles Bond Instl $1,001 - $15,000 None (or less than $201)
OAKMX - Oakmark I $1,001 - $15,000 None (or less than $201)
RSEIX - Royce Special Equity Instl $1,001 - $15,000 None (or less than $201)
SLASX - Selected American Shares S $15,001 - $50,000 None (or less than $201)
PRMSX - T.Rowe Price Emerging Markets Stock $1,001 - $15,000 None (or less than $201)
VGSLX - Vanguard REIT Index Adm $1,001 - $15,000 $201 - $1,000
WIIBX - Westcore Plus Bond Institutional $1,001 - $15,000 None (or less than $201)
UBS IRA
WGIFX - American Funds Capital World Gr & Inc F2 (UBS) $15,001 - $50,000 $1,001 - $2,500
FEGIX - First Eagle Gold I (UBS) $1,001 - $15,000 None (or less than $201)
PEQPX - Principal Equity Income P (UBS) $50,001 - $100,000 $1,001 - $2,500
RSPYX - RS Partners Y (UBS) $15,001 - $50,000 $201 - $1,000
GFFFX - American Funds Growth Fund of Amer F2 (UBS) $50,001 - $100,000 $2,501 - $5,000
DPFFX - Delaware Diversified Income Instl (UBS) $50,001 - $100,000 $1,001 - $2,500
TGBAX - Templeton Global Bond Adv (UBS) $15,001 - $50,000 $201 - $1,000
Vulcan Materials, Deferred Stock Units
Vulcan Materials, Vested Deferred Stock Units $100,001 - $250,000 None (or less than $201)
Vulcan Materials, Unvested Deferred Stock Units $100,001 - $250,000 None (or less than $201)
Ingersoll-Rand, Retainer Stock Units
Ingersoll-Rand, Vested Retainer Stock Units $100,001 - $250,000 None (or less than $201)
Ingersoll-Rand, Unvested Retainer Stock Units $100,001 - $250,000 None (or less than $201)

Other Income/Assets

Description Value Income
VMMXX - Vanguard Money Market Reserves None (or less than $1,001) None (or less than $201)
VMSXX - Vanguard Tax-Exempt Money Market $1,000,001 - $5,000,000 $201 - $1,000
VFIAX - Vanguard 500 Index Admiral $1,000,001 - $5,000,000 $15,001 - $50,000
US Bank Money Market Account 1 (Cash) $1,000,001 - $5,000,000 $201 - $1,000
Real Property with Carriage House Rental - Washington, DC $1,000,001 - $5,000,000 $15,001 - $50,000
US Bank Account 1 (Cash) $1,001 - $15,000 None (or less than $201)
US Bank Account 2 (Cash) $1,001 - $15,000 None (or less than $201)
TRBCX - T. Rowe Price Blue Chip Growth $100,001 - $250,000 $5,001 - $15,000
PRITX - T.Rowe Price International Stock Fd $50,001 - $100,000 $201 - $1,000
RPMGX - T. Rowe Price Mid-Cap Growth $250,001 - $500,000 $15,001 - $50,000
PRSCX - T. Rowe Price Science & Tech $15,001 - $50,000 $2,501 - $5,000
OTCFX - T. Rowe Price Small - Cap Stock $50,001 - $100,000 $5,001 - $15,000
VGIAX - Vanguard Growth & Income Adm $250,001 - $500,000 $15,001 - $50,000
VMSXX - Vanguard Tax-Exempt Money Market None (or less than $1,001) None (or less than $201)
VFIAX - Vanguard 500 Index Admiral $1,000,001 - $5,000,000 $15,001 - $50,000
MNNAX - Victory Munder Growth Opportunities A $1,001 - $15,000 $1,001 - $2,500
Elaine L Chao Revocable Trust
Electron Global Fund (Subsequent to initially completing this report, I divested my interest in Electron Global Fund. The value category is now “None (or less than $1,001).”) $1,000,001 - $5,000,000 $50,001 - $100,000
US Bank Account 3 (Cash) $1,001 - $15,000 None (or less than $201)
MNNAX - Victory Munder Multi-Cap A $15,001 - $50,000 None (or less than $201)
VHCAX - Vanguard Capital Opportunity Adm $100,001 - $250,000 None (or less than $201)
VSIAX - Vanguard Small Cap Value Index Admiral $250,001 - $500,000 None (or less than $201)
VFIAX - Vanguard 500 Index Admiral $250,001 - $500,000 None (or less than $201)
A. Mitchell McConnell, Jr. Revocable Trust
US Brokerage Money Market Account (Cash) $15,001 - $50,000 None (or less than $201)
Vanguard 529 College Savings Plan
Vanguard Aggressive Growth Portfolio (Age Based) $15,001 - $50,000 None (or less than $201)
Vanguard 529 College Savings Plan
Vanguard Aggressive Growth Portfolio (Age Based) $1,001 - $15,000 None (or less than $201)
Loan to 2014 Campaign Committee None (or less than $1,001) $5,001 - $15,000

Employment Agreements and Arrangements

Employer or Party City, State Status and Terms Date
News Corporation New York, New York Pursuant to the terms of the company’s Directors’ Deferred Stock Unit Plan, my unvested Deferred Stock Units will vest upon separation from service on the Board. At that time, I will receive a cash payout based on the closing price of the company’s Class A common stock on the date of termination. Oct. 16, 2012
Wells Fargo & Company San Francisco, California Pursuant to the terms of the company’s Directors Stock Compensation and Deferral Plan – Stock Award Deferrals, I will receive a cash payout for my deferred stock compensation (all of which is fully vested at the time of grant) based on various elections I have made each year that I have served on the Board. The cash payout will be determined based on the closing price of the company’s common stock at the time payment is made, and I will continue to receive deferred stock compensation equivalents, which track dividends on the company’s common stock until I receive the cash payout. If I resign my position on the board after December 31, 2016, the approximate portion of my deferred stock compensation to be paid out is as follows: July 2017 – 48%; March 2018 – 29%; March 2019 – 15%; March 2020 – 4%; and March 2021 – 4%. June 16, 2011
The Heritage Foundation 403(b) Washington, District of Columbia I will continue to participate in this defined contribution plan. The sponsor has not made any further contributions since my separation from the company. June 16, 2016
Firebird International LLC, Defined Benefit Plan Louisville, Kentucky I will continue to participate in this defined benefit plan. No further contributions will be made while in office. May 16, 2009
Delta Airlines Atlanta, Georgia As a former director of Northwest Airlines, which merged with Delta Airlines in 2009, I receive discounted travel on Delta Airlines. I have never been a director of Delta Airlines, and this benefit is taxable on such discounted airfare at rates established by the Internal Revenue Service. Oct. 16, 2008
The Heritage Foundation Retirement Plan Washington, District of Columbia I will continue to participate in this defined contribution plan. The sponsor has not made any further contributions since my separation from the company. June 16, 2016
Vulcan Materials (Subsequent to initially completing this report, the Compensation Committee waived the restriction on my unvested deferred stock units. All deferred stock units are currently vested.) Birmingham, Alabama Pursuant to the terms of the company’s Directors’ Deferred Stock Unit Plan, I will receive a cash payout for all of my vested deferred stock units in April of the year following the year of my separation from service. The cash payout will be determined based on the closing price of the company’s common stock at the time payment is made that April. Until the deferred stock units are redeemed, I will continue to receive deferred stock unit equivalents, which track dividends on the company’s common stock. As to any unvested deferred stock units, the company’s Directors’ Deferred Stock Unit Plan (as described in the Company’s most recent proxy statement) provides that “the Compensation Committee, subject to Board approval, may waive restrictions [i.e., grant 100% vesting] in the event the non-management director fails to remain a director for any reason other than retirement at the mandatory age, death or disability.” Approximately 57% of my deferred stock units are not vested at the date of this report. If the company does not grant such a waiver and vest the deferred stock units before I assume the duties of the position of Secretary, I will forfeit all deferred stock units that are unvested on the date of my resignation. Feb. 15, 2015
Ingersoll Rand Dublin, Outside U.S. Pursuant to the terms of the company’s Directors’ Retainer Stock Unit Plan, my unvested retainer stock units will vest upon separation from service on the Board, and I will receive a cash payout for all of my retainer stock units based on the closing price of the company’s common stock on the date of separation. June 16, 2015
Vulcan Materials Birmingham, Alabama Pursuant to Director's Compensation plan I will receive $55,000 on 12/15/2016. Dec. 16, 2016

Spouse's Employment Assets

Description Value Income Type Income Amount
The Long Game: A Memoir - Penguin Random House LLC - Value not readily ascertainable Book Advances $145,000
Bank of America - IRA Cash Account (This is a single-member pass-through entity whose sole source of income is from my director fees and speaking fees, as separately disclosed herein.) $15,001 - $50,000 Interest None (or less than $201)
SCPB - SPDR Barclays Short Term Corp Bd ETF (Pursuant to the terms of the company's Deferred Stock Unit Plan, unvested Deferred Stock Units will vest upon separation from service. See Part 3, item 1.) $15,001 - $50,000 None (or less than $201)
VCSH - Vanguard Short-Term Corporate Bond ETF $15,001 - $50,000 None (or less than $201)
IWM - iShares Russell 2000 $15,001 - $50,000 None (or less than $201)
VO - Vanguard Mid-Cap ETF $15,001 - $50,000 $15,001 - $50,000
SPY - SPDR S&P 500 ETF $50,001 - $100,000 None (or less than $201)

Do you know something about Elaine L. Chao? Send us an email at [email protected] or send a Signal message to 347-244-2134.

See more staffers at Transportation »

Close Comment Creative Commons Donate Email Facebook Mobile Phone Podcast Print RSS Search Search Twitter WhatsApp
Current site Current page