Rajat Gupta: From lofty board room to lowly jail cell

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Agencies: New York, Jun 16 2012, 10:04 IST
Rajat Gupta.jpg
From being born into a middle-class family in Kolkata to reaching the stellar heights of the highly competitive world of Corporate America, the story of Indian American Rajat Gupta is nothing short of legendary.

With a career graph that could make the best burn with envy, Gupta, who boasts of posts like head of consultancy giant McKinsey, board seats at Goldman Sachs and Procter and Gamble and special adviser to the United Nations, among other things, has done what not many could have done in his 63 years of life.

A US court held Gupta guilty of providing insider information to Galleon hedge fund founder and friend Raj Rajaratnam, in one of America's biggest insider trading cases.

Born in Maniktala in Kolkata, son of a freedom fighter- turned-journalist father and a school teacher mother, Gupta was orphaned at the age of 18.

Ranking 15 in the IIT entrance exam of 1966, Gupta was admitted to IIT Delhi on a scholarship from where he did his B-Tech in Mechanical Engineering.

He then came to the United States for a graduate degree and finished top of his class at the prestigious Harvard Business School where he studied on a scholarship.

He landed a job at consulting giant McKinsey and quickly rose through the ranks.

In 1994, he was made the global head of the firm, the first non-American to hold that position.

Gupta's enviable resume boasted of job profiles as board members of some of the biggest US companies. After 10 years at McKinsey, Gupta joined the boards of many

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Reader's Comments (5)| Post a Comment

Speed of the process of justice is as imprtant as the process

Ashok Vaishnav | 17-Jun-2012Reply | Forward
How can persons whose 'career graph could make the best turn with envy" fall prey to the most common human folly - Greed - continues to remain the mystery. It would be premature to pass any moral judgement on the cases of [so-called] human greed in the realms of finacial world, particlualy in last few decades, but speed at which the US justice machniery seems to act in the cases of financial irregularities is ceratinly is exemplary. This certainly makes the exercise exemplary and also, should enable the system time to correct itself much faster than the speed at which such wrong happenings happen. Wish India take a leaf out of this legal process and settle n-number of cases under investigation / trials. That itself can quickly clear the path for working out the a fair meachanism for exploitation of natural resources. The quicker this impasse is resolved, better it can be for the Indian economy.

Creed of Greed

Ravi Embar | 17-Jun-2012Reply | Forward
Creed of Greed. (. http://embar.net/creed%20of%20greed%201%20of%203.html. ). Raj Rajaratnam and Rajat Gupta are just the visible minority quota tip of the Wall Steet financial scandal iceberg. Michael Milken, Marc Rich, Allen Stanford and Bernie Madoff are the billionaire bad boys of Wall Street that celebrates a creed of greed. Marc Rich was given a Presidential pardon absolving him of all criminality.

Creed of Greed

Ravi Embar | 17-Jun-2012Reply | Forward
Creed of Greed. (. http://embar.net/creed%20of%20greed%201%20of%203.html. ). Raj Rajaratnam and Rajat Gupta are just the visible minority quota tip of the Wall Steet financial scandal iceberg. Michael Milken, Marc Rich, Allen Stanford and Bernie are the billionaire bad boys of Wall Street that celebrates a creed of greed. Marc Rich was given a Presidential pardon absolving him of all criminality.

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