Topics

Rajat Gupta

A gripping account of the scandal that ruined hedge fund Galleon

A gripping account of the scandal that ruined hedge fund Galleon

In April 2004, Rajat Gupta gave a talk at Columbia University. One student asked the former global managing director of McKinsey & Co. for his views on money and wealth creation. "Yeah, I am driven by money....  However much you say that you will not fall into the trap of it, you do fall into the trap of it," he said. Those words would prove prescient. Eight years after he uttered them, Gupta was convicted by a New York court of insider trading, of leaking privileged information gleaned from his position on the board of Goldman Sachs to Raj Rajaratnam, founder of the hedge fund Galleon. Gupta is appealing the decision, but his fall from grace is largely complete. For...

Loading