“Left-wing shareholder activists seek to leverage the mass economic power of institutional investors such as pension funds, whose managers are supposed to focus strictly on their fiduciary responsibilities to retirees.”

American businesswoman and former government official

Elaine Chao is an American businesswoman and former government official. She served as U.S. secretary of labor from 2001 to 2009 under George W. Bush, and as U.S. secretary of transportation from 2017 to 2021 in Donald Trump’s first administration. She is a Republican and the wife of U.S. senator Mitch McConnell. Chao was the first Asian-American woman to serve in a presidential cabinet. Her public career is defined by top roles in the federal government, including labor and transportation, and she resigned as transportation secretary after the January 6 attack on the U.S. Capitol.