Back
Tushar Aher Patil
Trying to do better • 8m
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
Download the medial app to read full posts, comements and news.