Word: chaos
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China's leaders, ever conscious of history, argue that stability must come first. "If you haven't been through the Cultural Revolution, you don't know what human rights means," says Sun Chao, a Shanghai official who is pushing for transparent government. "In my compound, people were jumping off the rooftops." Given that legacy, Sun goes on, "China is developing human rights faster than any country in the world." Taiwan and South Korea, of course, survived for decades as dictatorships even as they opened up their economies. But as more Chinese like Wang start demanding their rights, the government...
...Dunster: David H. Chao, Magali A. Fassiotto, Jared M. Fleisher, Jeffrey A. Friedman, Elizabeth H. Peterson, Eli S. Rosenbaum, Sophia I. Sherry
Anderson and Durkin had a 6-3 lead, but allowed the Quakers’ Shelah Chao and Julia Koulbitskaya to even the score. It took a tiebreak for the Crimson to win the match 9-8 (5), but Durkin had a nasty fall toward the end, injuring her wrist and keeping her out of singles competition...
...Melveny is the biggest international firm in Shanghai, owing to Chao's foresight a decade ago. Most big U.S. law firms focused on Hong Kong, and O'Melveny opened a branch there too. But Chao, who had spent a year teaching international law in Beijing and Shanghai in 1985, recognized early on that having a big presence on the mainland would be a competitive advantage. The Shanghai operation opened in 1996, and a Beijing branch was added in 2002, as soon as the government gave the green light. "It was clear that by being there, we could see what...
...looked smart again when Chinese banks decided to clear their pile of nonperforming loans off the books as a first step to steadying the wobbly financial system. Anticipating a dealmaking frenzy, Chao and his team did their homework before potential buyers came knocking. A consortium led by the Morgan Stanley Real Estate Fund hired Chao and won the bidding on the first and biggest chunk, $1.3 billion in loans from Huarong Asset Management, in 2001. Such successes have made Chao fairly fearless. Last fall, during a staff retreat in Phoenix, Arizona, he led three lawyers from China on a three...