James S.C. Chao Named 2009 Horatio Alger Award Winner

WASHINGTON, February 2, 2009 – The Horatio Alger Association of Distinguished Americans is pleased to announce that James S.C. Chao will be presented with the 2009 Horatio Alger Award and inducted as a lifetime member of the association for his determination in achieving success despite his humble upbringing.

Chao, chairman of Foremost Group in New York, will be officially inducted into the prestigious association on April 3rd in Washington, D.C. Recipients must have overcome humble beginnings or adversity to achieve success and serve as outstanding role models to the national community.