Still at work

James Chao still goes to his Manhattan office every day like a young man. He has held the title as chairman of Foremost since its establishment. Angela, the youngest of the six Chao sisters and also an HBS alumna, is the deputy chairwoman.

James Chao is very happy to see Angela gradually taking over the business. On the day we met at the HCNY, Angela was in Japan to attend the handover and launch ceremony for a new 180,000-dead-weight-ton bulk-cargo ship built for Foremost. After that, she was going to Qingdao, China, for another launch ceremony for another ship for Foremost.

All of his daughters have grown up - and so has Foremost. "Three additional cargo ships are under construction now," James Chao says.

He was very happy with the expansion to provide more quality, reliable service to the world.

James Chao asked for a cup of coffee after the lunch. No sugar. He was relaxed, gentle and graceful. I believe he has nothing to worry about at this stage of his life.

"If a man has nothing to worry about, that would be boring," James Chao replies.

"That means you are old, and you would have nothing to do with this world.My principle is, at a young age, you should associate more with senior people, and you will benefit from their knowledge and experience. At my age, I like to associate with young people. Doing so will keep you active and vigorous."