Back
Tushar Aher Patil
Trying to do better • 1y
Rajat Gupta’s journey, marked by success and downfall, tells a story of ambition turned tragic. Starting at McKinsey in 1973, he rose to become the firm's first non-American Managing Director in 1994, inspiring many. After retiring in 2007, Gupta joined the World Economic Forum and collaborated on philanthropy with Bill Gates. However, his ambition stretched toward billionaire status. In 2008, as a board member of Goldman Sachs, he learned about Warren Buffett’s planned $5 billion investment. This confidential info, if used, would break insider trading laws. Yet, Gupta shared it with Raj Rajaratnam, who profited as Goldman’s stock surged. Ultimately, the SEC investigated, and Gupta was convicted, sentenced to two years, and fined $5 million. His story highlights the risks of unchecked ambition, the fragility of reputation, and the importance of ethics in a high-stakes world. Information sources- The Psychology of Money.
Replies (6)
More like this
Recommendations from Medial
Vivek Joshi
Director & CEO @ Exc... • 5m
The True Spark: Unpacking Entrepreneurial Motivation Beyond the buzzwords of "hustle" and "passion," what truly fuels entrepreneurs? It's deeper, more personal: * The Haunting Problem: A persistent issue you must solve, driving you beyond market gap
See More
Vivek Joshi
Director & CEO @ Exc... • 5m
The True Spark: Unpacking Entrepreneurial Motivation Beyond the buzzwords of "hustle" and "passion," what truly fuels entrepreneurs? It's deeper, more personal: * The Haunting Problem: A persistent issue you must solve, driving you beyond market gap
See More
Mahendra Lochhab
Content creator • 10m
BoAt (imagine marketing) started by Aman Gupta and Sameer mehta in 2016. Sameer mehta is the CEO of boAt and Aman is Chief Marketing Officer(CMO). In the beginning of his career Aman gupta worked as an assistance manager in Citi group and later al
See More
Anonymous
Hey I am on Medial • 1y
My mom has an unhealthy obsession for SIPs! We recently taught her how to use PhonePe. They opened an SIP. Next we know whatever little money she gets hold of she ends up putting in the SIP ☹️ When I encountered her she said that she had profited
See More
Download the medial app to read full posts, comements and news.